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 - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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