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Warren Buffett: Pro-Choice Hypocrite And Douche Nozzle

26 August 2011 @ 10:38

So, the other day financial genius and economic sage, Warren Buffett writes [tip of the fedora to Admiral Smitty, and to Don Surber just for shameless blogwhoring’s sake]:

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

Now comes a report from Bill Wilson [via Instapundit, via the Tax Prof] that shows The Wise One was left untouched by choice [well, after all, he is ‘pro-choice’]:

But if [Buffett] were truly sincere, perhaps he might simply try paying the taxes the IRS says his company owes? According to Berkshire Hathaway’s own annual report — see Note 15 on pp. 54-56 — the company has been in a years-long dispute over its federal tax bills.

According to the report, “We anticipate that we will resolve all adjustments proposed by the IRS for the 2002 through 2004 tax years at the IRS Appeals Division within the next 12 months. The IRS has completed its examination of our consolidated U.S. federal income tax returns for the 2005 and 2006 tax years and the proposed adjustments are currently being reviewed by the IRS Appeals Division process. The IRS is currently auditing our consolidated U.S. federal income tax returns for the 2007 through 2009 tax years.”

Americans for Limited Government researcher Richard McCarty, who was alerted to the controversy by a federal government lawyer, said, “The company has been short-changing the tax collection agency for much of the past decade. Mr. Buffett’s company has not fully settled its tax bills from 2002-2009. Yet he says he’d happily pay more. Except the IRS has apparently been asking him to pay more going on nine years.”

Apparently, not paying taxes in full is an annual occurrence under Buffett’s watch. Considering the size of the company, the amount of unsettled taxes could total in the tens of millions.

The TCOTS Douche Nozzle Prize is hereby awarded to Lord Warren of Berkshire-Hathaway for his outstanding disservice to his country.

The Coveted Helen Thomas Award

The time to bring back tarring and feathering is nearing.

  1. Adobe Walls permalink
    26 August 2011 @ 16:22 16:22

    Tarring and feathering only worked in the past if those doing the civic duty were satisfied with just running the recipient out of their town. Of course if this tactic were applied from one town to the next across the whole country….

  2. 27 August 2011 @ 23:26 23:26

    Warren Buffett is legally entitled to pay more taxes, if he feels that he is not taxed enough. He is legally entitled to speak his mind. What he is not morally entitled to do is to be a hypocrite of the highest order, and to promote policies which will harm others and not him.

    (In reality, the “tax the rich” meme will not be used to get more tax money out of those who earn in the nine or ten figures every year, but will hit your average professional couple, doctor, or accountant.)

    • bobbelvedere permalink*
      28 August 2011 @ 18:23 18:23

      The Left don’t need no stinkin’ Morals!

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