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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]

    Quote Originally Posted by LaMidRighter View Post
    Makes even more of my point though. If it costs that much per share then the investors get screwed even more when they lose value to overtaxation that Buffett is going on about.

    You are not making sense. The value of the shares doesn't matter, what matters is capital gain. And Buffet is not responsible for their tax burden, he is only responsible for ensuring that he maximise the captital gain (the shares will go up in value). Given whatever level of capital gain the shareholders are still better off with a higher capital again, i.e. even if the tax rate rise, if the company is growing, it's worth more to shareholders, the share value will rise.
    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
    If his company loses money due to taxes they MAKE less, not pay less is the point. He does have a fiduciary responsibility to maximize their return.
    I dont recall Buffet calling for higher corporate taxes, but generally for private individual taxes.
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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by LaMidRighter View Post
    If his company loses money due to taxes they MAKE less, not pay less is the point. He does have a fiduciary responsibility to maximize their return.
    And do you have evidence that his company will loss money?
    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
    You are not making sense. The value of the shares doesn't matter, what matters is capital gain.
    Are you serious? What you pay for the share means quite a bit if you go stagnant and have to pay the taxes or even worse....take a loss and have to pay the taxes. What part of that doesn't make sense?
    And Buffet is not responsible for their tax burden, he is only responsible for ensuring that he maximise the captital gain (the shares will go up in value). Given whatever level of capital gain the shareholders are still better off with a higher capital again, i.e. even if the tax rate rise, if the company is growing, it's worth more to shareholders, the share value will rise.
    He is responsible for his speech, end of story, period, no excuses. He is responsible for tax related losses due to his actions and postition related to taxes. There is no spin that changes that, period, no excuses, end of story.
    Neither side in an argument can find the truth when both make an absolute claim on it.

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

    Quote Originally Posted by LaMidRighter View Post
    Are you serious? What you pay for the share means quite a bit if you go stagnant and have to pay the taxes or even worse....take a loss and have to pay the taxes. What part of that doesn't make sense? He is responsible for his speech, end of story, period, no excuses. He is responsible for tax related losses due to his actions and postition related to taxes. There is no spin that changes that, period, no excuses, end of story.
    No he is not responsible for the tax rates that people have to pay, nor does his support of higher tax rates effect his responsibility to BH and its shareholders as his support of higher tax rates is that of a private individual and that that of BH

    If he as manager of BH had BH pay more in taxes then it was legally required to then he would be responsible for the loss's to the shareholders of BH
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    re: Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002 [edited]

    Quote Originally Posted by LaMidRighter View Post
    That doesn't matter. Plenty of individuals have their money tied into small businesses profits and they aren't seperable. I don't care where Buffett was going he is a hypocrite.
    You are now making the arguements of a child. It doesn't matter if you care or not. Facts are facts.


    Hardly an emotional appeal. The fact is he's arguing for less, that is quantifyable once the data is known. An emotional appeal would require an unprovable position based on how I feel. I am using logic.

    Your post was full of emotional appeal, like this gem: That's fine in Buffett's case because that piece of trash deserves to reap what he sows personally and anyone who can entertain that piece of **** also deserves the loss.

    You are not using logic. You don't seem able to even differentiate between capital gain tax and corporate income tax.

    And why don't provide the support for the claim that higher capital gain tax will result in less profits for Berkshire Hathaway or any company.
    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 LaMidRighter View Post
    Are you serious? What you pay for the share means quite a bit if you go stagnant and have to pay the taxes or even worse....take a loss and have to pay the taxes. What part of that doesn't make sense? He is responsible for his speech, end of story, period, no excuses.
    If you take a loss then you don't have to pay any capital gain tax. Which part of "capital gain" don't you understand?

    He is responsible for tax related losses due to his actions and postition related to taxes. There is no spin that changes that, period, no excuses, end of story.

    Why don't you provide actual evidence that his company has taken any losses as a result of his actions and position related to tax policy?


    The irony is that you were just arguing that he should make his company pay out money that the company is disputing.
    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
    If you take a loss then you don't have to pay any capital gain tax. Which part of "capital gain" don't you understand?
    You pay on the value of the stock, not whether you win or lose. If you lose your principle you still owe tax on any dividends and first year is considered an income. Capital gains kick in during year 2 and afterward. So yes, you can lose and still pay taxes.




    Why don't you provide actual evidence that his company has taken any losses as a result of his actions and position related to tax policy?
    Okay, I'll just pull out my crystal ball. Get serious man, I know what will probably happen, it doesn't mean there is evidence, but if the taxes are increased there won't be as much money in the fund. You don't get additional money from subtraction.


    The irony is that you were just arguing that he should make his company pay out money that the company is disputing.
    If they OWE it then yes, they have to pay it out. Thought I was clear on that.
    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
    You pay on the value of the stock, not whether you win or lose. If you lose your principle you still owe tax on any dividends and first year is considered an income. Capital gains kick in during year 2 and afterward. So yes, you can lose and still pay taxes.
    Not capital gain tax which is the object of the discussion.

    You pay capital gain tax on the profit you make, you don't pay capital gain tax on any losses.


    Okay, I'll just pull out my crystal ball. Get serious man, I know what will probably happen, it doesn't mean there is evidence, but if the taxes are increased there won't be as much money in the fund. You don't get additional money from subtraction.
    I'm being serious. You don't know, that's the point, unless you have the crystal ball, so stop speculating as if you do.


    If they OWE it then yes, they have to pay it out. Thought I was clear on that.
    No you weren't. There was no "if" in your previous posts.
    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 Lord Tammerlain View Post
    His arguements for higher taxes are made by him as a private individual and if I am not mistaken are directed towards more private individuals rather then companies

    Buffets comments about taxes being too low is independant of the taxes owed or not owed by BH
    Not in the political arena its not !!

    "The company that I own and run is a tax cheat, but I am not" ............... fail.

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