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Warrenn Buffett Sues IRS

Discussion in 'Sports and News' started by YankeeFan, Nov 19, 2011.

  1. YankeeFan

    YankeeFan Well-Known Member

    No, it's not so he can pay higher taxes:

    More:

    I wonder if this will get as much attention as his other opinions on taxes.
     
  2. lcjjdnh

    lcjjdnh Active Member

    Not sure how this in anyway reflects on his personal opinions about the U.S. income tax system. He has a fiduciary duties to his shareholders. Should he put his personal opinions above that duty?

    (To be fair a more nuanced argument might say "yes", arguing that the long-term health of his company would be improved by the PR benefits of being a good corporate citizen. But I doubt any of the intellectuals on FoxNews will have that in mind when waving this around as proof of his "hypocrisy".)
     
  3. The Democratic Party wants to define millionaires and billionaires as people who make more than $250,000 per year and people are worried that this might not pass logical muster?

    Yeah - OK.
     
  4. YankeeFan

    YankeeFan Well-Known Member

    That's fine.

    Would still be interested to hear from some of our friends here, who were quick to back his proposal on personal income taxes, weigh in on this subject.

    And, if his opinions on personal taxes was worthy of so much attention from our friends here, from the media, and from our President, will they pay attention to this as well, and pay him as much deference as they did previously?
     
  5. lcjjdnh

    lcjjdnh Active Member

    Again, I don't really see what one has to do anything with the other.
     
  6. Pilot

    Pilot Active Member

    Playing by the current rules while mandating for a rule change doesn't make him a hypocrite.

    If an AL manager goes public with his opinion against the DH, he's not morally obligated to hit with his pitcher.
     
  7. YankeeFan

    YankeeFan Well-Known Member

    I agree with this.

    Yet, he's arguing for two changes that might seem in opposition to each other.

    It might not be hypocritical, but it's not consistent.
     
  8. deskslave

    deskslave Active Member

    Either say what you want to say, or don't. But don't keep begging other people to make your argument for you.
     
  9. YankeeFan

    YankeeFan Well-Known Member

    Thanks. Always appreciate your input.
     
  10. lcjjdnh

    lcjjdnh Active Member

    Not sure how it's inconsistent. As a citizen, he's expressing his policy view on what is best for the country. As a manager, he's acting as part of his fiduciary duties in what is best for his company*. It doesn't express a policy judgment at all.

    Again, there is a more nuanced argument one could make, but not sure it's getting made.
     
  11. SpeedTchr

    SpeedTchr Well-Known Member

    Holy crap... $643 mill in taxes from rent-a-jet? Wonder what the total take was to elicit that huge bill.
     
  12. Baron Scicluna

    Baron Scicluna Well-Known Member

    [​IMG]

    [​IMG]

    Just because ...
     
    Last edited by a moderator: Dec 15, 2014
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