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Hypocrite Buffett: his company owes $1 billion in taxes
Buffett hypocritically supports raising taxes on the rich, while not giving the government any extra tax money himself. He wrote an Op-ed article for the New York Times begging for tax increases on the rich. Of Buffett's $50 billion net worth, he only paid $6.9 million in taxes 2010. <ref>Forbes magazine, September 2011</ref> His personal income tax rate is 1/7000th of his net worth. Critics, mostly on the right, have mocked Buffett's call to raise taxes. Like other [[liberal]]s calling for higher taxes, they can afford to pay more but never do on their own.
Buffett hypocritically supports raising taxes on the rich, while not giving the government any extra tax money himself. He wrote an Op-ed article for the New York Times begging for tax increases on the rich. Of Buffett's $50 billion net worth, he only paid $6.9 million in taxes 2010. <ref>Forbes magazine, September 2011</ref> His personal income tax rate is 1/7000th of his net worth. Critics, mostly on the right, have mocked Buffett's call to raise taxes. Like other [[liberal]]s calling for higher taxes, they can afford to pay more but never do on their own.
Buffett's company Berkshire Hathaway has been fighting with the IRS for almost a decade over taxes it owes, estimated to be $1 billion dollars.
<ref>[http://newsbusters.org/blogs/noel-sheppard/2011/08/30/warren-raise-my-taxes-buffetts-company-may-owe-irs-1-billion#ixzz1We56oSBm Warren 'Raise My Taxes' Buffett's Company May Owe IRS $1 Billion, NewsBusters, August 30, 2011]</ref>
== See also ==
== See also ==