Warren Buffett's IRS problems

The past few weeks have been very busy, very productive for super-rich multi, multi  billionaire Warren Buffett.  He wrote a widely publicized, widely mocked (or praised depending on your viewpoint) op-ed in the New York Times titled "Stop Coddling the Super-Rich,"  advocating higher taxes for people like himself--super-rich.  He spoke to President Barack  Obama (D).  He spoke to the president of troubled Bank of America, the largest bank in the country.  The next day he invested $5 billion in BofA, generating a 6 o/o interest rate for him; compared to slightly over 2 o/o available from US Treasuries this is very good.  And yesterday he celebrated his 81st birthday.  Commenting on Buffett's op-ed and actions, I joked  that Buffett would certainly practice what he preached, voluntarily sending a generous check to the US Treasury Department and instruct his accountants to ignore legal, tax reducing...(Read Full Post)