Tuesday, September 20, 2011

While Warren Buffett Wants To Raise Your Taxes, He's Been Fighting His Since 2002

So says The New York Post here:


Billionaire Warren Buffett says folks like him should have to pay more taxes -- but it turns out his firm, Berkshire Hathaway, hasn’t paid what it’s already owed for years. ...

[T]he company openly admits that it owes back taxes since as long ago as 2002.

“We anticipate that we will resolve all adjustments proposed by the US Internal Revenue Service (“IRS”) for the 2002 through 2004 tax years ... within the next 12 months,” the firm’s annual report says.

It also cites outstanding tax issues for 2005 through 2009. ...

Obama, and co-conspirators like Buffett, claim to want to slap only “millionaires and billionaires.” ...

Obama’s hikes on “millionaires and billionaires” actually start with folks earning as little as $200,000.

Buffett's annual report states he is fighting the IRS over $1 billion in unpaid taxes.