WARREN BUFFETT’S latest tax dodge | WashEx

By at April 15, 2012 | 2:10 pm | Print

WARREN BUFFETT’S latest tax dodge | WashEx

BY Barbara Hollingsworth, Local Opinion Editor, April 15, 2012, WASHINGTON EXAMINER

President Obama’s favorite billionaire, Warren “Tax Me More” Buffett, likes to portray himself as a hard-charging capitalist who made his bundle on Wall Street and now just wants to give something back to the country that helped him become one of the world’s richest men.

But Buffett didn’t get where he is by ignoring the federal government, the 800-pound gorilla overshadowing every American boardroom.

As economist Susanne Trimbath points out, “We may not want to look too closely at where [Buffett’s] money comes from – like the 15 percent return he’s earning on the $5 billion investment he made in Goldman Sachs the week before they got a $10 billion bailout; or the fact that Berkshire Hathaway was the largest shareholder in American Express Co. when they received $3.4 billion from Uncle Sam.”

via Warren Buffett’s latest tax dodge | Campaign 2012 | Washington Examiner.