Wow, so if RMT Buffet “settles” with the IRS for say $50M, then everyone can crow that Hussein “forced” the rich to pay more in taxes and Buffet and Hussein can share a big laugh.
No Wonder he was was sucking up to the One.
Quick math says that 1 billion would cover our operational deficit for about 6 hours.
Always good to be in the company of little timmy.
LOL Typical liberal, wants everyone else to pay and then they hide their assets and never pay their fair share...
Obama should be asked, what tax deduction he has ever refused to take....
I hope one day we can get Buffet up to the Bush Rates.
OK, hold the phone on this one. “Generally Accepted Accounting” rules, used to prepare annual reports, are different than tax accounting rules. Most of the differences relate to the timing of certain deductions and income items. So accountants create a “deferred tax asset” or “deferred tax liability” account to reconcile the difference between income taxes figured under the tax law as opposed to income taxes figured under the rules for financial statement presentation.
This is why journalists get all agitated when they report that XYZ, Inc. earned eleventy billion dollars last year yet “paid no taxes”!! The rules are different.
The solution of course is to make the rules for financial reporting identical to the tax law. Then you would see some crying from Wall Street and there’s a possibility that the system could be reformed.
Seems Obama only associates with tax cheats. If all of his buds would pay their back taxes, it would help the debt.
Last thing the federal gov’t needs is MORE MONEY..
Buffet thinks he’s above it all...
Warren Buffett - the $1,000,000,000 hypocrite.
I never realized that Buffett was a synonym for hypocrite!