Is Warren Buffet insane?

[Krazykat]

Awesome investment by Buffet that will eventually benefit the Gates Foundation.

Good point, that money will end up going to a great cause anyway so who better to do it? I see a lot of people lately vilifying Buffett but he seems to me to be a really good guy who cares about people.

[DRILLINDK]

The guy is such a smuck! He sides with Obamageden touting tax the wealthy. Yet his baby, Birkshire Hathaway has been in a tax dispute with the IRS for a decade.


Wilson: Buffett's Calls For Tax Hikes Hypocritical

He made a cool 400 million on the first day off his Bank of America investment

Bank of America's Deal With Buffett Smells - Market analysis


Warren Buffett one-day score on Bank of America deal: $357 million - GlobalPost

[jpg7n16]

The guy is such a smuck! He sides with Obamageden touting tax the wealthy. Yet his baby, Birkshire Hathaway has been in a tax dispute with the IRS for a decade.

Both you and the author of that article totally misinterpret his viewpoint.

He is not saying that the super wealthy should willingly donate more in taxes than they're required, he's saying the super wealthy should be required to pay more. There's a big difference between donations and requirements.

Buffett donates to the Gates Foundation, not the IRS. He's given billions to a charitable cause. What a shmuck.


Besides, Berkshire isn't Buffett. He owns a lot of it, but so do other Americans. The tax issue would affect every owner of Berkshire, not just Buffett. (I happen to be one of those owners - BRKB)

Though I'm sure you would never argue with the IRS if they said your business underpaid on your taxes, would you? Even if you filed correctly and had your CPA sign off, you'd just pay whatever they said you owed, right? I mean, there's no chance that the IRS could be wrong.


Do you think the companies you invest in should just fork over money to the IRS without a fight? Then why do you think Berkshire should?

[DRILLINDK]

Both you and the author of that article totally misinterpret his viewpoint.

He is not saying that the super wealthy should willingly donate more in taxes than they're required, he's saying the super wealthy should be required to pay more. There's a big difference between donations and requirements.

Buffett donates to the Gates Foundation, not the IRS. He's given billions to a charitable cause. What a shmuck.


Besides, Berkshire isn't Buffett. He owns a lot of it, but so do other Americans. The tax issue would affect every owner of Berkshire, not just Buffett. (I happen to be one of those owners - BRKB)

Though I'm sure you would never argue with the IRS if they said your business underpaid on your taxes, would you? Even if you filed correctly and had your CPA sign off, you'd just pay whatever they said you owed, right? I mean, there's no chance that the IRS could be wrong.


Do you think the companies you invest in should just fork over money to the IRS without a fight? Then why do you think Berkshire should?

What any wealthy individual does with thier money should be their choice. He should learn to keep his mouth shut. If he want to donate the majority of his wealth, GREAT! Way to go! But, I could care less. I think its ridiculous when people expect others to pay the bill just b/c their wealthy.

+1 for the National Sales Tax
+1 for Buffet crawling into a hole!

[DaveInPgh]

What any wealthy individual does with thier money should be their choice. He should learn to keep his mouth shut. If he want to donate the majority of his wealth, GREAT! Way to go! But, I could care less. I think its ridiculous when people expect others to pay the bill just b/c their wealthy.

+1 for the National Sales Tax
+1 for Buffet crawling into a hole!

I agree with jpg, you are misinterpretting his viewpoint. The super wealthy end up paying a lower percentage in taxes because of all the damn tax credits, loopholes, deductions, etc. etc. It is a ridiculous tax system.

[Krazykat]

I agree with jpg, you are misinterpretting his viewpoint. The super wealthy end up paying a lower percentage in taxes because of all the damn tax credits, loopholes, deductions, etc. etc. It is a ridiculous tax system.

I worked in taxes, I can tell you that is how it works.

[Fredy Atwater]

Government sues 17 lenders over mortgage securities
Pittsburgh Tribune-Review - Sep 3, 2011

The Bank of America is one of the banks being sued for billions and my Fannie Mae stock (FNMA) just went up.