Warren Buffett is a Buffoon
Read this (if you haven't yet) then get pissed off, then come back here.
From the start: "I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched." My answer? Fuck you.
If you and your "mega-rich friends" wanted to pay more taxes, do you know what you could do? Any ideas genius? You could PAY MORE TAXES. The IRS has been accepting checks since 1965. You could give them everything you have, if you think you really should be taxed more. Nothing is holding you back asshole, put your money where your mouth is.
But no, this is the reality: He says he pays a 17% effective tax rate. First of all, fuck you, because I pay higher taxes than that, so it is not a matter with the tax code, the problem is that you are spending millions on lawyers to HIDE YOUR INCOME FROM THE IRS.
If you really believed you should be taxed more, maybe you should not hide your income? Dipshit.
Secondly, a lot of his income actually falls under cap-gains taxes (which are double taxation in the first place) and which have a much lower effective tax rate... because they are double taxation.
Finally, because it would rather use its income for growth and investor returns, Berkshire Hathaway has not been a model tax payer. It owes taxes from 2002-2009 due to creative accounting, and pays an effective tax rate in the 20's, rather than the 32% they "should" be paying if they did not shelter income.
Long story short, STUFU Warren.
From the start: "I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched." My answer? Fuck you.
If you and your "mega-rich friends" wanted to pay more taxes, do you know what you could do? Any ideas genius? You could PAY MORE TAXES. The IRS has been accepting checks since 1965. You could give them everything you have, if you think you really should be taxed more. Nothing is holding you back asshole, put your money where your mouth is.
But no, this is the reality: He says he pays a 17% effective tax rate. First of all, fuck you, because I pay higher taxes than that, so it is not a matter with the tax code, the problem is that you are spending millions on lawyers to HIDE YOUR INCOME FROM THE IRS.
If you really believed you should be taxed more, maybe you should not hide your income? Dipshit.
Secondly, a lot of his income actually falls under cap-gains taxes (which are double taxation in the first place) and which have a much lower effective tax rate... because they are double taxation.
Finally, because it would rather use its income for growth and investor returns, Berkshire Hathaway has not been a model tax payer. It owes taxes from 2002-2009 due to creative accounting, and pays an effective tax rate in the 20's, rather than the 32% they "should" be paying if they did not shelter income.
Long story short, STUFU Warren.
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