November 19, 2011


Warren Buffett sues the IRS.

Warren Buffett, who has been running around complaining that the government should "stop coddling the super-rich" and should raise taxes, is reportedly suing the IRS to avoid $643 million in taxes that the government says Berkshire Hathaway's NetJets subsidiary owes the government for failing to collect ticket taxes from NetJets customers (who include Mr. Buffett himself).

(Added for the slow -- aka donviti): The suit against the IRS is filed by NetJets Large Aircraft Inc., not by Mr. Buffett himself, but Mr. Buffett is CEO of NetJet parent Berkshire and its largest individual shareholder.

Now, why doesn't this hypocrisy surprise me in the least?

Posted by Hube at November 19, 2011 09:48 AM | TrackBack

Comments  (We reserve the right to edit and/or delete any comments. If your comment is blocked or won't post, e-mail us and we'll post it for you.)

Is it Buffet suing or a company his company owns. A little clarity would go a long way. Lazy linking here for sure. By you and the Lutz you linked too

Posted by: donviti at November 19, 2011 09:56 AM

Actually, people who know how to read already have it figured out. That's what caused your confusion.

Maybe you can write up a post asking how many times people shit in a day. There's some intellectualism for 'ya.

Posted by: Hube at November 19, 2011 09:58 AM

Hey, look -- I added more text from the link in the blockquote so as to assist the slow. That'll make you happy, don.

Posted by: Hube at November 19, 2011 10:03 AM

But does it make a difference. Buffett is trying to up his profits, on which he will pay that lower tax rate he complains about. Just shut up and pay, Warren.

Posted by: Rhymes With Right at November 20, 2011 11:20 AM