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Buffett Dodges Taxes.....AGAIN!

Mike

Well-known member
Warren Buffett’s liberal display of tax-increase hypocrisy
Washington Times | 04/03/2014 | J.T. Young


While liberalism’s terminus is failure, its first stop is hypocrisy. Higher-tax advocate Warren Buffett recently illustrated this with his reported use of a tax strategy to avoid — you guessed it — higher taxes.

There is nothing new in the tax strategy or in Mr. Buffett’s use of it; it’s just an ample example of liberal hypocrisy.

As reported in Bloomberg BNA’s Daily Tax Report on March 20, Mr. Buffett’s Berkshire Hathaway Inc. “plans to limit taxes on more than $1 billion of gains in Graham Holdings Co. stock by swapping the shares for assets owned by the former Washington Post publisher, according to a March 12 regulatory filing outlining terms.”

The tax-avoidance swap transaction is known as a “cash-rich split-off.” Assets are swapped between two parties, in order to avoid the sale of the original property, which would trigger a large tax bill. It is not daring:

Mr. Buffett used it last year and earlier in 2008. Should Mr. Buffett be taken to task for seeking to legally lower his taxes? No. That is what his shareholders expect and deserve. He would be putting his company at a competitive disadvantage to unnecessarily pay higher taxes than required.

Should Mr. Buffett be taken to task for expressing his opinion of support for higher taxes? No. He is free both to speak his mind and to be wrong. He has spoken freely — and contradictorily — over the past couple of years about the need for the “rich and ultrarich” to pay more in taxes.
 

Tam

Well-known member
Buffett is no different than any other liberal. They live by a code of DO AS I SAY NOT AS I DO. They want the rich to pay higher taxes to fund the Democrap give away programs as long as they are not grouped in with those rich they expect to PAY MORE. Buffett swaps out stocks, Kerry docks his boat in a state with less taxes, Turbo Tax Tim uses his I didn't know I was to report my income excuse, and Obama uses his daughters allowances as if they are White House staffers that he pays out of his pocket. But be damned if you are a Conservative and you think you are going wear a jacket to a snowmobile rally that has your husbands sponsor's name on the chest or get a birthday cake given to you and not claim them as gifts on your income tax. :roll:

Yep they are all for higher taxes until they have to pay them. Just like they are all supportive of Obamacare until it infringed on their pocket books then it is GIVE ME A WAIVER.
 

Tam

Well-known member
littlejoe said:
betcha' heap glad you got that thar totally free health ins that gives you time to knowk yer nayboors eh' lady?



Pee Wee do you even realize/care that posts like this one only services to prove you are a bit unhinged and don't deserve to be taken serious. :?

I could provide you with another Canadian news article/ report/study about the cost of our system on the tax payers but I'm beginning to believe you are to stupid to comprehend a few simple facts, so why bother. :roll:
 
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