Yesterday Bloomberg.com posted a story about Warren Buffett. It seems that despite his recent statements to the contrary, he hates to pay taxes as much as the rest of us.
The article reports:
NetJets in November sued the U.S., saying the federal government had wrongly imposed taxes, interest and penalties totaling more than $642.7 million.
…NetJets Aviation Inc. owes more than $302.1 million, and another unit, NetJets International, is liable for $52.9 million, the U.S. said. Executive Jet Management Inc. owes $10 million while NetJets Large Aircraft owes $1.19 million, the U.S. claimed.
“NetJets doesn’t comment on pending litigation,” General Counsel Colleen Nissl said in a statement e-mailed to Bloomberg News.
I have no problem with a corporation legally cutting its tax bill, but I do find it ironic that the man who raised such a ruckus about the wealthy paying ‘their fair share’ of income taxes doesn’t necessarily think that statement applies to him.