He;s a damn HYPOCRITE!!! He put his BILLIONS into a TAX FREE SLUSH FUND with another Billionaire!!!!
He has a lot of money invested overseas, one would suppose to keep his taxes lower.
The Onan of Omaha
I have always held this hypocrite in contempt. Typical “Do as I say, not as I do”, Limousine Lib. Its easy to mouth off like this once you have a couple billion in the bank So he makes $30 million instead of $60 millio this year. Big deal. He already has his. He’s lived a life of luxury. Now that he’s old he turns into a scold who wants to force everyone to turn into government serfs. He needs to move himself and his family into a shack somewhere and give away all his money. Then I’ll listen to him.
A good summation on the blovating buffoon named Buffett from plancksconstant.org:
All the years Warren Buffett was making billions he said nothing about the rich paying more in taxes. Now he’s singing a different tune. The extra taxes he proposes would not affect his wealth, only his new income, but it certainly would keep millions of others from their full potential and from possibly knocking him off the top 3 list of the richest men in America.
If Warren Buffett were an honest, decent person, he would take his own advice and write a check for 35% of his income to the US Treasury. But Warren Buffett is a low-life, greedy, chiseling scumbag that wants new rules for everyone else after he played the game and won. This is like Babe Ruth, after hitting 714 home runs, telling the Baseball Commission that 415 feet is too short for a home run, it should be made 830 feet.
Warren, if you think the rich should pay more then write the effin’ check and shut up - leave us out of your self-serving opinions.
Also of note BUFFETT TO CO-HOST OBAMA FUNDRAISER IN NYC COST as much as $38,500 a head
Article link: http://www.businessinsider.com/buffett-to-co-host-obama-fundraiser-in-nyc-2011-8
“”Buffett lamented that the $6,938,744 he forked over in federal income and payroll taxes in 2010 “”
To do this, he had to be on someone’s payroll. Whose payroll is he on? Berkshire Hathaway? I would love to see his tax return.
After acquiring control, Buffet began phasing out the manufacturing part over a decade or two. Berkshire became a holding company based on an insurance business model for several reasons, among them is the fact that income on reserves left in reserves is not taxed.
By the time Berkshire had acquired a number of wholly-owned subsidiaries, Buffet shifted his focus of investment from shares of publicly traded companies to a distinct preference for companies where Berkshire could afford at least an 80% stake in the company where the acquired company could be treated as a wholly-owned subsidiary with balance sheet consolidation. Income from the acquired company could be taxed along with Berkshire's other income and taxed only once instead of being treated as dividends and taxed twice.
Buffet has used his annual reports to boast about his tax prowess as one of the reasons Berkshire has been more profitable than other companies permitting extra growth. Berkshire, itself pays no dividends, again because Buffet knows it allows shareholders to avoid double taxation on dividends and that he can compound those tax-deferred dollars at a much higher rate than Berkshire's shareholders. Buffet knows and understands the apparent hypocrisy.
It gets even more interesting because Gates and Buffet challenged Carlos Slim to give half of his fortune to the poor just as Gates and Buffet have done. Carlos Slim declined their request and labeled it as irrational saying, "Instead of giving their fortunes to the poor, Buffet and Gates should use their fortunes to build factories, and give them jobs instead."
But there is even more. If you have read Snowball, Buffet's autobiography, Buffet loved his father. Howard Buffet was one of the most Constitutionally conservative Republican Congressmen to ever sit in the House of Representatives. In the run up to the 1952 Republican convention, Senator Robert Taft was a head in the primaries, but the Rockerfeller Republicans and other RINOs who had recruited Ike to run as a Republican outmaneuvered Taft and his supporters at the convention. Howard Buffet was Taft's mid-western campaign chairman, and reportedly on Taft's short list for running mates. We all know the convention and election outcome at the national level, but what about at the Nebraska level?
In Buffet's subsequent house bid, the Rockefellers ran a RINO in the Nebraska primaries and beat Buffet's father who never ran for office again. Has Buffet been carrying on a sixty year revenge vendetta with the Republicans and conservatism?
One last thing, Buffet's view of gold is well known. Howard Buffet wrote one of the most compelling arguments for gold and gold money that has ever been written. You can read it for yourself:
He's probably got some angle ..... if his Form 1040 taxes go up, the additional top-line revenue might get S&P to raise the rating on the senior Treasurys, so that Buffet's net worth would go up more, by some multiplier, than the increase of his taxes. He might pay an extra $7 million but see his net go up by a couple billion.
And of course his better-paid employees' taxes would go up some more, as they got chumped by the boss.