I’ve mentioned before that I hold Buffett in utter and complete contempt for his dishonest and disingenuous stance on taxing the “rich” (even though I may have said it less plainly – if so, I apologize and hereby adopt this more straightforward language.)
But even at my most critical, even at my most contemptuous, even at my most cynical, I didn’t expect him to be an outright tax dodger. If he wants higher taxes for everyone else, don’t you think he’d at least step up to the plate and pay what he currently owes right freaking now?!? Well, if you thought that, you’d be wrong. Mr. Holier Than Thou, Mr. I Want To Support Our Illustrious Government With My Vast Wealth is dodging his tax bill. [redacted.]
This one’s truly, uh … rich: Billionaire Warren Buffett says folks like him should have to pay more taxes — but it turns out his firm, Berkshire Hathaway, hasn’t paid what it’s already owed for years.
That’s right: As Americans for Limited Government President Bill Wilson notes, the company openly admits that it owes back taxes since as long ago as 2002.
“We anticipate that we will resolve all adjustments proposed by the US Internal Revenue Service (“IRS”) for the 2002 through 2004 tax years … within the next 12 months,” the firm’s annual report says.
It also cites outstanding tax issues for 2005 through 2009.
Obvious question: If Buffett really thinks he and his “mega-rich friends” should pay higher taxes, why doesn’t his firm fork over what it already owes under current rates?
Likely answer: He cares more about shilling for President Obama — who’s practically made socking “millionaires and billionaires” his re-election theme song — than about kicking in more himself.