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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 TurtleDude View Post
    You gain nothing by me-tooing someone else's claims that have no evidence or proof

    I don't think you have the ability to explain it based on your past posts but go ahead

    I need a good laugh
    ok, squire
    what is it you want explained
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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

    Quote Originally Posted by justabubba View Post
    ok, squire
    what is it you want explained
    I want you and your fellow traveler to prove

    1) what Buffett's real motivations are

    2) why I cannot understand that

    3) why my argument as to his motivation is demonstrably incorrect

    I will be back in three hours-that should be almost enough time for you and your ally to come up with a rational answer for all three



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

    Quote Originally Posted by TurtleDude View Post
    I want you and your fellow traveler to prove

    1) what Buffett's real motivations are

    2) why I cannot understand that

    3) why my argument as to his motivation is demonstrably incorrect

    I will be back in three hours-that should be almost enough time for you and your ally to come up with a rational answer for all three
    you keep insisting you are an attorney, squire
    and you want us to prove 'motivations'
    any real attorney would realize that is impossible

    so hold your breath for three hours and return
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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

    Quote Originally Posted by conservativeguy View Post
    So if a man creates a great company and decides to sell it late in life for a ton of money, his capital gains taxes should skyrocket based on only one factor, he built a really valuable company. Ok, I get it ....... we should penalize the smart folks that create valuable companies. Gee, that should work out well for us. Oh yeah, and once that man dies he should surrender 55% (death tax) of what he kept from the sale, after paying the cap gain taxes that were probably 30-40%. I used 30 to 40% since that level the taxation would be sufficiently higher than what most workers pay. I am assuming the new "Buffett Tax" has to be higher than the rate paid by ordinary people......right?

    What a wonderful policy....

    Man sells company for $100m

    Man pays cap gains tax on sale, $100m * 65% = $65m net proceeds

    Man dies and estate pays estate tax, $65 * 45% = $29.25m transferred to family

    Uncle Sam screws man and his family out of $70.750m .......... 70.75% redistribution of private property to welfare beggars and socialists

    ------------------

    Wow, that is one brilliant strategy to motivate folks to risk their capital to build valuable companies that create jobs. If the way to increase the number of job creators is to raise the cost of success, why not go all-in and simply say "once you build a valuable company, it will become an asset of the State". I am telling you this, you liberals sure have a firm grasp on what it takes to improve the economy.


    Poster still not understanding the concept of capital gain. If he sells it for $100m, then he has to make a 100% capital gain, which means he got the company for nothing, for him to bear the capital gain tax for the whole $100m.

    Besides that, so what if only $30m goes to his family?
    Last edited by nonpareil; 10-13-11 at 07:00 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 LaMidRighter View Post
    Okay, I gave you way too much of my time last night. You don't want to do anything but defend Buffett so I'm done with you here. Seriously all you did was try to twist facts and play little games. If you can't admit Buffett is a hypocrite tax cheat then we're done here.
    Dude. Look into the mirror.
    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
    Dude. Look into the mirror.
    I gave you a reasoned case and you failed to acknowledge the truth. What can I say?
    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 VanceMack View Post
    Buffet argues it is bad while engaging in it. Awesome. You simply CANT be honest about any of this. Thats some dogged and determined situational ethics you got there my friend.
    First of all that's not the point of his essay. But even if we take it as you do (which completely disregards the facts on the ground), it would be similiar to the US importing oil and then saying "We should be energy independent". To think that the US should stop importing oil the moment it says it want to be energy independent is stupid. To say that the US should stop saying "We should be energy independent" because it's still importing oil is also stupid. Call it hypocrisy if you want, it's still better than stupidity.

    But the fact of the matter is that calling for energy independence doesn't obligate the US to stop importing oil just as calling for higher capital gain tax doesn't obligate Buffet to pay more than he needs to by law.
    Last edited by nonpareil; 10-13-11 at 07:20 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 LaMidRighter View Post
    I gave you a reasoned case and you failed to acknowledge the truth. What can I say?
    If your case was well reasoned, you would have been able to argue it. The fact is that you did not have a case, it seemed more like a personal vendetta against Buffet - mostly void of logic.
    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
    First of all that's not the point of his essay. But even if we take it as you do (which completely disregards the facts on the ground), it would be similiar to the US importing oil and then saying "We should be energy independent". To think that the US should stop importing oil the moment it says it want to be oil-independent is stupid. To say that the US should stop saying "We should be energy independent" because it's still importing oil is also stupid. Call it hypocrisy if you want, it's still better than stupidity.

    But the fact of the matter is that calling for energy independence doesn't obligate the US to stop importing oil just as calling for higher capital gain tax doesn't obligate Buffet to pay more than he needs to by law.
    No...the example I cited CT is precisely applicable and accurate. Buffet CAN do everything he says he SHOULD do...he simply doesnt do it.

    So not only is Buffet a liar...he doesnt pay less taxes than his secretary, he is also a hypocrite AND to cap this gem off...we have the president using his lie to promote 'the Buffet Rule'...which isnt even what Buffet wants or suggests. See how insipid this all is?

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

    I see the rightwingers still haven't figured out the difference between corporate taxes, capital gains, and personal income taxes

    And they think they know about business
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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