Mr. Tax me more Warren Buffett’s company Berkshire Hathaway hasn’t paid all its taxes since 2002

obama-frownSee! This is why far left progressive liberal Democrats want tax hikes! They don’t pay them anyway! The latest hypocrite is Warren Buffett. All over the place the progressive liberal media has been playing his “tax me more” begs/rants. Buffett has been in Obama’s pocket since the 2008 elections. He’s one of the biggest names to call for higher taxes. Now we know why. According to Newsbusters via Net Right Daily, his company Berkshire Hathaway hasn’t paid all their taxes since at least 2002. F*cking hypocrite!

According to Berkshire Hathaway’s own annual report — see Note 15 on pp. 54-56 — the company has been in a years-long dispute over its federal tax bills.

According to the report, “We anticipate that we will resolve all adjustments proposed by the U.S. Internal Revenue Service (‘IRS’) for the 2002 through 2004 tax years at the IRS Appeals Division within the next 12 months. The IRS has completed its examination of our consolidated U.S. federal income tax returns for the 2005 and 2006 tax years and the proposed adjustments are currently being reviewed by the IRS Appeals Division process. The IRS is currently auditing our consolidated U.S. federal income tax returns for the 2007 through 2009 tax years.”

Americans for Limited Government researcher Richard McCarty, who was alerted to the controversy by a federal government lawyer, said, “The company has been short-changing the tax collection agency for much of the past decade. Mr. Buffett’s company has not fully settled its tax bills from 2002-2009. Yet he says he’d happily pay more. Except the IRS has apparently been asking him to pay more going on nine years.”

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August 29, 2011 · Filed Under Taxes


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