Monday, August 29, 2011

Pay To The Piper

The Wise Ass (Oops) Oracle of Omaha, Warren Buffett, should have made sure all his i's were dotted and his t's crossed before he decided to brag about wanting to pay more in taxes.

And the scientific community is united in that fact.

It's bad enough that we've shown Buffett to be a hypocrite when it comes to his personal finances (Money In The Bank), Buffett's business (Berkshire Hathaway) hasn’t paid what it’s already owed for years.

“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.

Earlier this month, Berkshire Hathaway reported net earnings surged to $3.4 billion, from $2 billion a year ago.

Resolve this adjustment


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