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In reply to the discussion: Buffett:“When Charlie and I took this job,we did not agree to put our citizenship in a blind trust.” [View all]azureblue
(2,146 posts)6. BH is not WB
you do know the different between a business and a person, don't you? From the article:
Berkshire Hathaway, the eighth-largest public company in the world according to Forbes, openly admits to still owing taxes for years 2002 through 2004 and 2005 through 2009, according to the New York Post. The company says it expects to "resolve all adjustments proposed by the US Internal Revenue Service" within the next year.
This is Berkshire Hathaway Corporation, not Warren Buffet, working with the IRS to resolve corporate tax matters. And note the issue of underpayment is a matter of adjustments. This is very often a matter of a company claiming a deduction, that has been used for years, that is disallowed in an IRS review, then flagged for previous years as not allowed. It is not, as you insinuate a purposeful tax dodge, and this sort of "we thought it was an allowed deduction" happens often, even on personal taxes.
But I am curious as to why you cannot differentiate between a corporate entity and a person. Especially if you are the from the 9th ward. You should know that from your post - Katrina experiences..
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Buffett:“When Charlie and I took this job,we did not agree to put our citizenship in a blind trust.” [View all]
Scuba
May 2012
OP
I think both you and former9thward have points, but are coming at this from different perspectives.
Zalatix
May 2012
#18
Since you think the Post is making up a story let's go to the BH annual report.
former9thward
May 2012
#15
35% isn't "standard" at all. that would mean most businesses pay that. they don't.
HiPointDem
May 2012
#39
Warren buffett *is* berkshire. he & "charley" control the company. and yes, it *is* a tax dodge.
HiPointDem
May 2012
#37
What is your source for claiming that "you can control a company by just owning (sic) 5% of it"?
spooky3
May 2012
#45
How did Steven King put it: Some would set themselves on fire rather than pay a dime in taxes.
Festivito
May 2012
#34
wtf is buffett talking about? berkshire is in arrears on its tax bill & fighting paying it. he put
HiPointDem
May 2012
#35
i could "address" it by saying buffett is zeno from mars and therefore doesn;t have to pay taxes.
HiPointDem
May 2012
#41
no, it couldn't be addressed that way. It was addressed with pertinent facts. deal with it.
Schema Thing
May 2012
#43
warren buffett owns 1/3 of bh's voting stock and his minions control more. he controls the
HiPointDem
May 2012
#46