Monday, August 29, 2011

Warren Buffett's Berkshire Hathaway Underpaid Taxes for Years and Years

Berkshire Hathaway in its most recent annual report states that,"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 report also cites outstanding tax issues for 2005 through 2009.

Bottom line, while Buffett calls for the rich to pay more in taxes, his Berkshire Hathaway plays it close to the edge and waits for the IRS to tell the firm to pay up, before it does so on many items.


  1. Hilarious! This is just like all of the anti-gun types in the media or DC who don't want anyone else to own a firearm for protection, but then they make sure either they do or their security does. Exact same sort of soviet style authoritarian mindset.

  2. As with Liberals in general,
    it is "Do as I say"
    and not "Do as I do."