Page 22 of 24 FirstFirst ... 122021222324 LastLast
Results 211 to 220 of 231

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

  1. #211
    He's the most tip top
    Top Cat's Avatar
    Join Date
    Jul 2011
    Last Seen
    Yesterday @ 08:27 PM
    Gender
    Lean
    Liberal
    Posts
    22,301

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

    Quote Originally Posted by TurtleDude View Post
    Obama supporters, cabinet members and advisors tend to be tax scofflaws. NO big surprise that someone who is as big an Obama ass kisser as Buffett is one too

    Total, unadulterated Bull****.

  2. #212
    Sage


    MaggieD's Avatar
    Join Date
    Jul 2010
    Location
    Chicago Area
    Last Seen
    @
    Gender
    Lean
    Moderate
    Posts
    43,243
    Blog Entries
    43

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

    Quote Originally Posted by Top Cat View Post
    Total, unadulterated Bull****.
    Over the years a lot of suspicion has built up across the country about Washington and its population of opportunistic transients coming to see themselves as a special kind of person, somehow above average working Americans who don't labor down in that monument-strewn former swamp. Well, finally, an end to all those undocumented doubts. Thanks to some diligent digging by the Washington Post, those suspicions can at last be put to rest.

    They're correct. Accurate. Dead-on. Laser-guided. On target. Bingo-bango. As clear as it's always seemed to those Americans who don't feel special entitlements and do meet their government obligations. We now know that federal employees across the nation owe fully $1 billion in back taxes to the Internal Revenue Service.

    All this political jabber about giving middle-class ... Americans a tax cut. Thousands of feds have been giving themselves one all along -- unofficially. And these tax scofflaws include more than three dozen folks who work for the president with that newly decorated Oval Office. The Post's T.W. Farnum did some research and found that out of the total sum, just 638 workers on Capitol Hill owe the IRS $9.3 million in back taxes. As in, overdue. The IRS gets stiffed by the legislative body that controls its budget. How Washington works.

    Now, back taxes have been a problem for the Obama-Biden administration. You may recall early on that Tom Daschle was the president's top pick to run the Health and Human Services Department. But it turned out the former Democratic senator, who was un-elected from South Dakota in 2004, owed something like $120,000 to the IRS for things from his subsequent benefactor that he just forgot to pay taxes on. You know how that is. $120G's here or there. So he dropped out.

    And then we learned this guy Timothy Geithner owed something like $42,000 in back taxes and penalties to the IRS, which is one of the agencies that he'd be in charge of as secretary of the Treasury. The fine fellow who's supposed to know about handling everyone else's money. In the end this was excused by Washington's bipartisan CYA culture as one of those inadvertent accidental oversights that somehow never seem to happen on the side of paying too much taxes.

    Privacy laws prevent release of individual tax delinquents' names. But we do know that as of the end of 2009, 41 people inside Obama's very own White House owe the government they're allegedly running a total of $831,055 in back taxes. That would cover a lot of special chocolate desserts in the White House Mess.

    In the House of Representatives, 421 people owe a total $6,524,892. In the Senate, 217 owe $2,774,836. In the IRS' parent department, Treasury, 1,204 owe $7,670,814. At the Labor Department, where Secretary Hilda Solis' husband had some back-tax problems before her confirmation, 463 owe $7,481,463. Eighty-one workers for the Federal Reserve System's board of governors owe $1,076,733.

    Over at the Justice Department, which is so busy enforcing other laws and suing Arizona, 1,971 employees still owe $14,350,152 in overdue taxes.

    Then, we come to the Department of Homeland Security, which is run by Janet Napolitano, the former governor of Arizona who preferred to call terrorist acts "man-caused disasters." Homeland Security is keeping all of us safe by ensuring that a brave Dutch tourist is aboard every inbound international flight to thwart any would-be bomber with explosives in his underpants.

    Within [Homeland Securityh], there reside 4,856 people who owe the tax agency a whopping total of $37,012,174.
    You're right. It IS bull****...of the true variety.

    41 Obama White House aides owe the IRS $831,000 in back taxes -- and they're not alone - latimes.com
    Article is here....I've snipped it:
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  3. #213
    Educator
    Join Date
    Sep 2011
    Location
    ATL
    Last Seen
    07-07-12 @ 09:00 PM
    Lean
    Very Conservative
    Posts
    1,172

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

    Quote Originally Posted by nonpareil View Post
    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?
    . Most folks that start a business from scratch often have little to no basis in the stock of the company.

    Your last comment says a lot about you.
    I love the smell of burning moonbat in the morning.

  4. #214
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 02:05 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,766

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

    Quote Originally Posted by justabubba View Post
    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

    wrong, a few people who obsess over me pretend I am not an attorney. Frankly I couldn't give a damn what you think of me but I wish you would actually try to make a rational argument rather than fixate over my profession

    All you have down is Me Too Deuce without proffering any argument or evidence



  5. #215
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 02:05 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,766

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

    Quote Originally Posted by Top Cat View Post
    Total, unadulterated Bull****.
    a typical pavlovian response devoid of any rational response.

    Geithner ring a bell?



  6. #216
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 02:05 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,766

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

    Quote Originally Posted by sangha View Post
    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
    actually it is the opposite

    long term capital gains are taxed at a lower rate for those in top tax brackets than earned income. The richest taxpayers pay the highest rates on like income no matter what its source. Lefties pretend its wrong for someone with 10,000,000 in capital gains income to pay a lower rate than someone who has a salary of 500,000 dollars even though its a different type of income and even though the former pays many more actual tax dollars than the latter



  7. #217
    Banned
    Join Date
    Apr 2011
    Last Seen
    02-23-12 @ 04:16 AM
    Lean
    Undisclosed
    Posts
    791

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

    Quote Originally Posted by DashingAmerican View Post
    Warren Buffett's Berkshire Hathaway Owes Taxes Going Back To 2002
    I don't know if I want to laugh and say IRONY or not be shocked.
    Buffet is a weasel, not some hero that is standing up for the common good of America that he and his proponents like to paint him out to be.

    Given my knowledge of Buffet, this is hardly surprising. In fact, it is on par for him.

  8. #218
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 02:05 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,766

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

    Quote Originally Posted by Antiderivative View Post
    Buffet is a weasel, not some hero that is standing up for the common good of America that he and his proponents like to paint him out to be.

    Given my knowledge of Buffet, this is hardly surprising. In fact, it is on par for him.
    its fun watching libs who normally crap their shorts over their hatred of the rich-especially those who get rich with other peoples money such as hedge fund managers-rush to kiss Buffett's ass thinking that his comments are really motivated out of his concern for the losers in the world



  9. #219
    Mr. Professional
    Mensch's Avatar
    Join Date
    Jul 2010
    Location
    Northern Virginia
    Last Seen
    08-24-17 @ 04:07 PM
    Gender
    Lean
    Independent
    Posts
    3,666
    Blog Entries
    2

    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 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.
    That's a horrible analogy. If the US were to stop importing oil tomorrow, possibly every industry would seize up and we would face a crisis ten times more severe than the Great Depression. If Warren Buffet believes in paying higher taxes, yet refuses to donate a single dollar to the Treasury, it is absolutely hypocritical. A far more accurate analogy would be a rich man who believes the wealthy should pay their "fair share" yet refuses to step up and pay his "fair share." Oh wait a minute, I guess I don't need an analogy.

  10. #220
    Ideologically Impure
    Simon W. Moon's Avatar
    Join Date
    Apr 2005
    Location
    Fayettenam
    Last Seen
    Yesterday @ 08:54 PM
    Gender
    Lean
    Conservative
    Posts
    16,958
    Blog Entries
    5

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

    Quote Originally Posted by TurtleDude View Post
    1) what Buffett's real motivations are
    2) why I cannot understand that
    Damn, those're hella requests. I doubt that anyone in the world could do those things, let alone on the int4rweb5.

    Doesn't seem to be a realistic expectation on your part. ymmv

    But why is there such a focus on his motivations?
    Is there some reason why focusing on the issues instead won't serve your purposes?
    I may be wrong.

Page 22 of 24 FirstFirst ... 122021222324 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •