Friday, March 30, 2012

The Buffett Tax: Ops! Buffett being sued by the government to pay more taxes? No way! Way!

"Legendary investor Warren Buffett, who grabbed headlines and ruffled feathers by saying that the rich don't pay enough in taxes, is being sued by the government to pay more taxes, the New York Times reports.

Or at least one of his companies is.

The government has filed a lawsuit against a unit of Buffett’s investment vehicle Berkshire Hathaway, seeking $366 million in unpaid taxes and penalties, the newspaper reports.

The unit in question is NetJets, a private aircraft company that caters to the wealthy, the very people riled by Buffett's tax proposals.

The company and the government are at odds over whether a certain tax applies to NetJets users." - Government Sues Warren Buffett Firm Over Taxes, Forest Jones, 03/27/2012, money

Link to the entire article appears below:

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