Warren Buffet recently made the news by suggesting that the rich should pay more taxes, and that he wouldn’t mind paying more.

The problem is that his company is currently attempting to avoid paying taxes to the IRS, and there may be up to a billion dollars of outstanding taxes owed by his company to the IRS, or in dispute.

Berkshire Hathaway struggled for 14 years with the IRS over the dividends received deduction, which was finally settled in the company’s favor in 2005.

For at least 20 years, and probably much longer, Buffett has been struggling to minimize his company’s taxes.

Why is Buffett not able to practice what he preaches?

Warren Buffet’s Mental Decline – loss of basic math skills

August 20, 2011 ~ Pharmer

Warren Buffett’s Taxing the Rich Won’t Solve Deficit, Says Tax Foundation | CNSnews.com.

The Tax Foundation has done the math, (and it’s not too hard, because it’s primary school level). The rich don’t have enough money to solve Obama’s deficit problems. Buffett’s recommendation to tax the rich is useless, except perhaps to insulate himself from the class envy a bit.

Tag: Warren Buffett

Leftie Hypocrisy Award Goes To Warren Buffett

Warren Buffet’s Mental Decline – loss of basic math skills