He makes a fortune by being a Democrat - at YOUR expense
By Bob Barney
Where do I begin? Warren Buffett has long been the media darling of billionaires. Their dishonesty about reporting the Plain Truth about this scoundrel has hurt countless thousands. While the far left media trashes Donald Trump's business bankruptcies, they ignore Buffett's scandals. Warren Buffett, often held up as a God, known to lecture investors and corporations alike on good behavior, but few realize his company, Berkshire Hathaway Inc. (BRK-A), hasn’t paid a dividend since 1967! In November, Warren Buffett admitted in the New York Times, absent the government handout, Berkshire Hathaway would have gone bankrupt! This means, if not for a government bailout, he would have been history! Maybe a great reason why he's in bed with the Demz in government?
The Keystone pipeline has made Buffett even richer. Ever wonder why Obama and the Democrats stopped the Keystone pipeline, that would have provided thousands of jobs? It was for Warren Buffett, whose railroad BNSF has made billions in transporting the same oil that would have been in the pipeline, with their rail cars! Click here for that story!
The Tax Lie about his secretary: Warren talks about Warren’s secretary, Warren lies about Warren’s secretary. Here is his definitive statement about the situation from as far back as I can find it: Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. The President says that those who defend this situation “ought to have to answer for it.” Fair enough. Short answer: Warren Buffet is lying. Much longer answer: 10 points. Most simply, Warren Buffett is almost definitely lying about the tax rate of his secretary. Now, it’s possible to pay any tax rate if you really want to, by paying more than is required. You can just send in a check. Since Warren apparently refuses to do that, let us dismiss that option for his secretary. The typical person making between 50-75k, according to this IRS tax data, pays an effective rate of about 14%. 14% is less than 30%. Even adding on payroll tax, it’s nowhere near 30%. CBO data, including payroll taxes, shows that someone making about $64,000 per year pays a total effective rate of around 14.3%. We asked an accountant to run the numbers in general for someone like Buffett’s secretary. The results: if they were single, 14%. If married, 7.6%. Buffett is comparing two different taxes. One is a tax on income, one is a tax on investments. They are two different taxes on two different things. Want another scandal? Warren Buffett pays less in sales tax than his secretary does in income tax. We better write another law. Source: http://www.glennbeck.com/content/blog/stu/eleve-ways-warren-buffett-is-lying-about-warren-buffett/?utm_source=glennbeck&utm_medium=contentcopy_link
Warren Buffett likes taxes - as long as other pay them: Yes, the guy who doesn't mind tax increases on the rich, doesn't really even pay his taxes. Higher taxes? They're for other people. People who don't have Obama's private phone number. There are are two recent cases where Warren has done everything possible to AVOID paying taxes that he actually owes. The first case involved a 14-year fight over the dividend-received deduction that was finally settled with the IRS in 2005. The second case is still pending after 10 years in which he owes just over $1 BILLION in back taxes.
Everything about this crook is a lie. That's why he is a Democrat. Liars love other liars. Don't be fooled!