Posted by MarkB_MI on January 30, 2013 at 08:36:04 from (198.208.251.21):
In Reply to: Re: OT: Tax question posted by Dean on January 30, 2013 at 06:40:25:
Berkshire Hathaway is not Warren Buffett, nor is he the only shareholder. Berkshire Hathaway has a fiduciary responsibility to its investors to attempt to get the most favorable tax treatment legally available to it. Berkshire Hathaway's negotiations with the IRS over its CORPORATE tax liability are far removed from Buffett's own PERSONAL income tax. Attempting to make a connection between Berkshire Hathaway's corporate tax problems and Warren Buffett's opinions on individual income tax rates is a far stretch. It is like trying to indict a Microsoft shareholder for tax evasion just because Microsoft engages in various strategies to legally avoid paying income tax.
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Today's Featured Article - Tractor Profile: Ferguson TO-20 - by Staff. When the infamous "Handshake Agreement" between Henry Ford and Harry Ferguson fell by the wayside (that's a story in itself), Harry Ferguson quickly set up manufacturing plants for a United States version of his English TE-20. The TO-20 was relatively the same as the TE-20 except utilized some different casting materials and had a US-style electrical system. The TO-20 was a dead ringer for the Ford 9N and 2N models and they say that Ferguson did this on purpose when the Handshake Agreement wen
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