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Thread: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    You know - in mah town. We close down businesses who don't pay up.

    Mmm hmm. Just sayin.

    And we puts a sign on their doorsthat says "closed due to non payment of taxes" - nice bigole letters sos yous can see.
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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by MaggieD View Post
    Anyone who can't see the irony of Warren Buffett sounding off about how the rich should be paying more taxes while his own company, the second largest corporation on planet earth, owes the Internal Revenue Service $1 billion in back taxes, simply isn't being honest.

    World's third wealthiest person in the world; the majority stockholder in the company in question (worth $105 billion); has another little side business worth $79.7 billion (Berkshire Hathaway Junior); is personally worth $47 billion today; ...and his company has wrangled with the IRS for years to avoid paying $1 billion in taxes. And he's still not paid it.

    If he were like the rest of us, he would have had to pony up immediately and wrangled later.

    He should go to NYC and surrender to Occupy Wall Street.

    Where do you get the "$1billion"? I've been looking and there are not much information about what's owned and the details of the dispute with the IRS.
    Last edited by nonpareil; 10-12-11 at 11:29 PM.
    Quote Originally Posted by Free_Radical View Post

    And I wasn't making an appeal to authority, I was making an appeal to the philosophical body of work of the founders, the worth and content of which should be well-known to anyone with a cursory understanding of basic history and philosophy.

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by LaMidRighter View Post
    He needs to shut up to save whatever face he has left because he's a discredited piece of ****, not because I say so.
    That of course is your poorly informed decision, not reality
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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by LaMidRighter View Post
    I get that, what my point is getting to is that he doesn't put into action what he advocates which he could do immediately. He advocates what he won't do while he sees fit to volunteer other people in his bracket who may or may not agree, it is insulting that he says one thing while doing the other.
    He is not advocating that business should not take advantage of the laws as written.

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by LaMidRighter View Post
    Geez. Then he needs to settle his companies tax bill, pay up, and then shut up.
    The bill is being disputed. Do you know if Buffet can pay out when the company is disputing the amount owned to the Treasury? If Buffet uses his position as CEO to pay out money that is contrary to shareholders' best interest, then he's breaking his fiduciary duty.


    And why should he shut up? Being a CEO doesn't mean he should not have an opinion and social conscience.
    Last edited by nonpareil; 10-12-11 at 11:28 PM.
    Quote Originally Posted by Free_Radical View Post

    And I wasn't making an appeal to authority, I was making an appeal to the philosophical body of work of the founders, the worth and content of which should be well-known to anyone with a cursory understanding of basic history and philosophy.

    Brian

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by nonpareil View Post
    Where do you get "$1billion"? I've been looking and there are not much information about what's owned and the details of the dispute with the IRS.
    According to the rules of this forum the headline should not be allowed.

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by Aunt Spiker View Post
    You know - in mah town. We close down businesses who don't pay up.

    Mmm hmm. Just sayin.

    And we puts a sign on their doorsthat says "closed due to non payment of taxes" - nice bigole letters sos yous can see.
    Well that is only if the entity owing the taxes does not dispute what is owed and takes it to court.

    Generally those business that you mention dont have money to pay taxes or the laywers to dispute the taxes and would have been shut down anyway
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  8. #108
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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by Lord Tammerlain View Post
    That of course is your poorly informed decision, not reality
    Then do explain how a tax cheat, lying, hypocrite is not discredited AFTER IT'S FOUND HIS BUSINESS OWES ONE BILLION DOLLARS! let me put that into long form for you. He doesn't owe 1$, he doesn't owe10, 100, 1000, etc.
    He owes approximately 1,000,000,000 U.S.D.

    There is no spin in the world that makes my "decision" "poorly informed". The reality is we have a tax cheating hypocrite that says what one side wants to hear and they are falling on their swords to protect him.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by nonpareil View Post
    The bill is being disputed. Do you know if Buffet can pay out when the company is disputing the amount owned to the Treasury? If Buffet uses his position as CEO to pay out money that is contrary to shareholders' best interest, then he's breaking his fiduciary duty.


    And why should he shut up? Being a CEO doesn't mean he should not have an opinion and social conscience.
    I know all of that, the fact is when he spouts off stupid **** about not owing enough money he violates that duty by putting their returns at risk if someone takes him seriously. That is the point, the guy is a loud mouthed hypocrite.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by LaMidRighter View Post
    Then do explain how a tax cheat, lying, hypocrite is not discredited AFTER IT'S FOUND HIS BUSINESS OWES ONE BILLION DOLLARS! let me put that into long form for you. He doesn't owe 1$, he doesn't owe10, 100, 1000, etc.
    He owes approximately 1,000,000,000 U.S.D.
    Link please, because the OP doesn't that.

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