He uses shell corporations, nothing to report on his personal taxes.
What a bs argument.
Wait a minute - this is the guy whose secretary paid more taxes than he did?
The same tax laws apply to buffet and trump and everyone in between
And most of them have been passed while the Clintons held public office
So he abandoned his fiduciary responsibilities to his shareholders his entire life?
If he made $11 million, then he didn’t lose a billion. So of course he didn’t take a loss bigger than his income.
But like anyone, he’ll take his costs and losses against his income when figuring his tax.
Well Hillary did. I believe she wrote off $700K this way just last year. I don’t have a link, but I read it recently, so it’s findable.
In addition, it’s an extremely common write off for businesses. Warren’s flat out lying.
Virtue signalling through NOT taking tax deductions is flat out stupid. Should I feel guilty for deducting my mileage for business travel in my car? NO. HELL NO!!!
GFY Buffet.
Part time job. Filed his first tax return in 1944
He’s never taken a legal deduction? I call BS on that. He himself said his secretary has a higher tax rate than he does.
The next time Trump is asked about his taxes he should ask, “Are you claiming I have violated the law?” If the answer is “no” then tell them “Shut up”, if the answer is “yes” remind them they could be sued for slander/libel, and leave it at that. It’s a fake issue.
Is Warren Buffet in the same business as Donald Trump? Construction and real estate? If one has rental properties there are depreciationss and such that get moved forward. Maybe Donald just has smarter accountants.
Bullcrap. He probably did it on Berkshire:
“The Balance Sheet reveals that Berkshire Hathaway was ostensibly attractive given the price of 76% of book value. And it turns out that the 1964 balance sheet was in effect missing an important hidden financial asset in terms of available past losses that could be used to eliminate substantial future income taxes. Subsequently, Berkshire did make substantial profits in 1965 and 1966 that benefited greatly from a lack of income taxes. The extent to which Buffett valued the potential use of the past tax losses is unknown.”
http://www.investorsfriend.com/why-warren-buffett-bought-berkshire-hathaway/
How much did he pay in taxes on his Wells Fargo scam?
Doesn’t Buffet still owe the IRS $5 Billion in taxes that he is fighting ?
“Warren Buffett has paid no taxes in the past 60 years.”
I demand he release all of his tax returns to prove it.
Warren Buffetts Nifty Tax Loophole
Warren Buffett has backed higher individual tax rateswhile ensuring that his vast wealth in Berkshire Hathaway is almost immune.
http://www.barrons.com/articles/warren-buffetts-nifty-tax-loophole-1428726092
Warren Buffetts Berkshire Hathaway Owes Taxes Going Back To 2002
http://www.huffingtonpost.com/2011/08/29/warren-buffett-taxes-berkshire-hathaway_n_941099.html
Buffett’s Billions Can’t Buy Him Exemption From His Tax-Averse Past
Warren Buffett’s Tax Whopper
Obama’s business front man finances ‘corporate deserters.’
http://www.wsj.com/articles/warren-buffetts-tax-whopper-1409095917
He had $11 million in net income on a $65 billion fortune. He should have put all his money in a money market, he’d of made a lot more.
Warren Buffet’s company shelters all its capital gains in insurance companies.
Warren Buffett never had a business loss? He never used a tax loss carry forward EVER?? BS...
There is paying taxes and there is paying taxes. You might pay some taxes but not ALL the taxes you are suppose to pay, huh mr. buffet.