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 - It Can't Be Done! - A Tractor Story - by Neil Campbell. I'll never forget the time back when I was a boy baling hay on our Farm in Big Rapid, Michigan. The most memorable event that took place was a trip up the steepest incline on the farm pulling an old New-Idea baler with a pony-motor for power and a haywagon. I had just talked my Dad into buying an old John Deere B with 6-speeds ahead and I was real proud of it, except it was a little smaller than the Case tractor that we normally
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