Doesn’t Buffet still owe the IRS $5 Billion in taxes that he is fighting ?
That’s exactly what I said when she read that statement. Just more hypocrisy.
It was actually about $1 Billion.
And, it wasn't income taxes. It was excise taxes associated with his NetJets subsidiary.
I may not have all the details right, but I believe the IRS wanted to treat them like an airline and collect ticket taxes.
There may have also been something about when the law was changed, and whether it was retroactive.
But even if I don't have all the details right -- the short version is: he won in court, and didn't pay the disputed amount.