US Credit Rating Downgraded To AA+

[mlmpetert]

Originally Posted by 12thMan

That's a silly argument, why doesn't Buffet send his money to Govt? I'm sure he's sending what he's required to and would send more if it would help the country.

yikes:

This one’s truly, uh ... rich: Billionaire Warren Buffett says folks like him should have to pay more taxes -- but it turns out his firm, Berkshire Hathaway, hasn’t paid what it’s already owed for years.

That’s right: As Americans for Limited Government President Bill Wilson notes, the company openly admits that it owes back taxes since as long ago as 2002.

“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 firm’s annual report says.
It also cites outstanding tax issues for 2005 through 2009.

Read more: Warren Buffett’s hokey tax-hike call--Editorial - NYPOST.com


Also this is a thought provoking and very quick read:

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