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Warren Buffett Owes 1 Billion in Back Taxes
Posted By Daniel Greenfield On December 2, 2012 @ 11:18 am In The Point | 32 Comments
Higher taxes. They’re for other people. People who don’t have Obama’s private phone number.
There are are two recent cases where Warren has done everything possible to AVOID paying taxes that he actually owes. The first case involved a 14-year fight over the dividend-received deduction that was finally settled with the IRS in 2005. The second case is still pending after 10 years in which he owes just over $1 BILLION in back taxes.
If only we raised taxes on the rich, the well-connected crony capitalist rich like Warren Buffett still wouldn’t pay theirs.
We don’t need to raise taxes. We need to crack down on crony capitalism and political corruption. Crony capitalists like Buffett shouldn’t be able to score billions off the government and avoid paying billions in taxes just because of their close relationship to the Obama Crime Family.
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