Thursday, September 01, 2011

Warren Buffet May Be Getting His Wish To Pay More Taxes

Remember when Obama fan club member, billionaire Warren Buffet wrote he and all his fellow billionaires weren't being taxed enough?

Well guess what? (Newsmax)

Billionaire investor Warren Buffett triggered a major debate over taxes recently when he wrote in The New York Times that he should be paying more to the federal government. He called on Washington lawmakers to up tax rates on the rich.

But it turns out that Buffett’s own company, Berkshire Hathaway, has had every opportunity to pay more taxes over the last decade. Instead, it’s been mired in a protracted legal battle with the Internal Revenue Service over a bill that one analyst estimates may total $1 billion.

Yes, that’s right: while Warren Buffett complains that the rich aren’t paying their fair share his own company has been fighting tooth and nail to avoid paying a larger share.

What's that old saying? Be careful what you ask for, because you just might get it.

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