Warren Buffett is a very generous man. He’s giving away billions of dollars and is a strong advocate for the government raising taxes on the super rich like him.
Which is why it’s confusing that the company he’s in charge of owes the federal government $1,000,000,000 in taxes:
According to Newsmax, using only publicly-available documents, a certified public accountant (a CPA but not my wife) detailed Berkshire Hathaway’s tax problems to ALG.
“Unrecognized tax benefits represent the company’s potential future obligation to the IRS and other taxing authorities,” ALG explained in its report. “They have to be recorded in the company’s financial statements.”
“The notation means that Berkshire Hathaway’s own auditors have probably said that $1 billion is more likely than not owed to the government,” the ALG report explained.
That $1 billion represents about 0.2 percent of the company’s $372 billion in total assets, according to ALG.
Come on Warren, why give all that money to lawyers? The company’s own auditors say you probably owe the money. Give the IRS the dough, according to your op ed its the right thing to do.
Hypocrite. Thy name is Buffett.
And honestly, why stop at just one billion? You amassed nearly $400 billion in assets. Sell off 75 percent of that so the government can give it back to who you stole it from.
You know it’s the right thing to do, Warren.