Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: 2ndDivisionVet
Wonder why he wants Hillary in the White House so badly? Has she offered him some sweet deals?

Buffett helped Obama, too..... "complaining" that his secretary paid a higher tax rate than he did. He mysteriously shut up when people pointed out how much his secretary would have to make in order for that to be true.

I always wondered why he did that. When Obama shut down the Keystone pipeline, I had my answer. Buffet/Berkshire owns BNSF: the railroad that ships oil from the Bakken shale to refineries around the country. With a pipeline directly to Texas refineries, he would lose a lot of business.

Buffett's Netjet subsidiary also owed about a half-billion in taxes at the time. He finally prevailed: a US district court judge said the IRS had to honor the guidance they provided back in 1992:

http://fortune.com/2015/01/27/berkshires-netjets-defeats-500-million-irs-tax-claim/

So, yes -- he wouldn't be doing this for Hillary without getting something in return.

32 posted on 08/01/2016 3:50:39 PM PDT by justlurking
[ Post Reply | Private Reply | To 3 | View Replies ]


To: justlurking

Ya got me by a few minutes, Lurking. Good work!


46 posted on 08/01/2016 3:56:59 PM PDT by SnuffaBolshevik
[ Post Reply | Private Reply | To 32 | View Replies ]

To: justlurking

Is Buffett’s personal return different from his corporation’s return?

His may show little or no income.

He might be cared for by the corporation, as a business expense.

???


51 posted on 08/01/2016 4:04:50 PM PDT by Scrambler Bob (As always, /s is implicitly assumed. Unless explicitly labled /not s. Saves keystrokes.)
[ Post Reply | Private Reply | To 32 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson