http://www.telegraph.co.uk/finance/...n-Bank-of-America-stake-in-just-24-hours.html Warren Buffett makes $280m profit on Bank of America stake in just 24 hours Warren Buffett's $5bn (£3.1bn) lifeline for Bank of America has earned the Sage of Omaha a paper profit of $280m in just 24 hours.
Announced layoffs of 3500 with more speculated, BofA stock and pensions crumble, but at least the 2nd-richest guy in the US got some pocket change while pecking at the carcass. Think Buffett's going to donate his blood money to the US treasury?
Good for Warren. He saw a place to make money legally and did so. Now, stfu and gtfo with your hypocritical foray into politics
That's somewhat up for debate. Who brokered the deal? Who tipped off Buffett that he'd get an immediate gain?
Yeah, that Warren Buffett is a real patriot: http://taxprof.typepad.com/taxprof_blog/2011/08/warren-buffetts.html Perhaps he could help the Treasury he wants to tax the likes of him more by dropping his dispute over BH tax bills.
Hey buddy, most of the country disapproves of Obama's economic policies. Nice try. I voted for Barry in 2008, Lol what a stupid attack. Put down the talking points.
What are you talking about? I agree with this, but I don't know what relevence it serves, or why it is a "nice try". Talking points? How does voting for Barry have anything to do with my post? How are you a mod?
Your post was ridiculous because lefties don't have a moral high ground. Stop trying to highlight the right. First I attacked your post/views, so that was a horrible example. Stop complaining it makes you look weak too. Lastly I'm not a mod here, relax dude.
Berkshire owes ~ $1 BILLION in back taxes and is fighting it. This isn't an "attack", Mr. Jayremmie. This is from the public record and Berkshire's own reports. Perhaps Mr. Buffett isn't running his own companies and instead is too busy consulting the President? If so, he should fire his accountants and tax attorneys, and then write a personal check for ~$1 BILLION to the federal government, plus interest, to make up for his company's fighting of taxes the government says they owe. The bigger story to me, though, is how incompetent is the Obama administration? Buffett was the guy they wanted leading the "tax the rich" charge?
I'll give Buffett the benefit of the doubt and guess he isn't running his tax department. Still, this is an embarrassment, and it ruins the good name of a man who decided to put his own name behind something that his own companies are dodging.
No, its a thread that was talking about Warren Buffet that was hijacked by some on here in order to diminish his perspective and cast him in a bad light. How does Buffet doing what all other corporations do, using loopholes and tax breaks to pay the least amount of taxes have anything to do with the fact that he is for his tax rates being raised, and paying more taxes than the people he employs because he can afford it?
He's avoiding taxes no one is making up anything. So your post is puzzling. He's the spokesperson for higher taxes not corporate loopholes, it makes him look like a hypocritical bitch.
That'a a $billion in back taxes owed. The income he's suggesting he be taxed on is on the order of $20M. "Sure, raise the taxes on my $20M, but leave me alone on the taxes on the $5B."
You're correct. Only "the right" would do something like that. Your pretend non-partisian act is so transparent it is quite amusing. You're confused, again. If he were actually using "loopholes" he wouldn't owe back taxes, which is what is being suggested.
Certainly didn't say only the right does this. I said the right doing this is sad. And I'm not pretending anything. I attack whoever the hell I please.
