General Discussion
In reply to the discussion: Buffett:“When Charlie and I took this job,we did not agree to put our citizenship in a blind trust.” [View all]spooky3
(38,504 posts)In the article you posted from HuffPo, the author claimed Buffett admitted BH owed this money and linked to a New York Post (!) article as evidence. In fact, nowhere in either article did Buffett admit that BH owed this money. He described "adjustments" that the IRS "proposed" that apparently have been in dispute for a long time. He said he hopes that the issues would be "resolved" soon. But that is VERY different from agreeing to the proposals, admitting that the co. owes the $, but refusing to pay the balance owed.
It's the difference between being in the middle of a long lawsuit that you are hoping to settle, versus being convicted, but trying to avoid serving time.
Full disclosure: I am a former IRS employee. Hope this makes the picture clearer for you.
And, here's a similar take on the issue from a tax attorney, who says he doesn't agree with Buffett on the idea that the rich should pay more, but affirms that the BH tax issues are still in dispute, and questions why certain right wing sources take a position like the one you seem to be taking:
http://www.pappasontaxes.com/index.php/2011/08/26/buffetts-berkshire-hathaway-is-disputing-irs-tax-assessment/