Odd Citizen

Odd Citizen
An Odd Citizen’s Search For Vanishing Freedoms

Another Obama Tax Cheat Advisor

August 29th, 2011

In keeping with the President’s penchant for hanging around with tax cheats who also preach higher taxes, such as Warren Buffett, the New York Post says:

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.

From a business standpoint I can sympathize. Doing whatever it takes to protect one’s capital from government confiscation makes good sense. To make tax paying some kind of moral obligation is idiotic nonsense.

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