Friday, November 25, 2011

Warren Buffett took to the pages of The New York Times this weekend to proclaim his desire to pay more taxes, something he has done many times over the years. But when Warren Buffett says he should pay more taxes, he actually means he'd like the people he amusingly refers to as his "mega-rich friends" to join him as well. http://reason.com/blog/2011/08/15/warren-buffett-would-like-to-p. NetJets, the private-aircraft company owned by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), sued the U.S. over excise taxes and penalties totaling $642.7 million assessed against the company. The Internal Revenue Service improperly assessed the so- called ticket tax, an excise tax on payments made in exchange for air transportation, NetJets said in its complaint in federal court in Columbus, Ohio, dated Nov. 14. NetJets seeks a refund and abatement of the ticket tax. The company claims in its suit that Congress intended the tax to apply to passengers who use commercial or charter aircraft owned by others. That’s nice. I wonder why the IRS argument that all of this extra taxation will go to feed the starving and clothe the naked and hire more government bureaucrats and union workers isn’t compelling to Berkshire Hathaway? I mean, honestly, Warren Buffett said he’d like to pay a greater share. Why not pay a $642.7 million share right now? Is it perhaps because Berkshire Hathaway could do more with the money than a government agency with an endless budget and no oversight could? Could it be because NetJet doesn’t appreciate having it’s money pried from it’s cold, angry hands and re-purposed for the good of the nation? http://nakeddc.com/. What a hypocrite this Buffett is! All a ruse heheh.

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