The Clintons and Obamas have no bigger supporter and friend than Warren Buffett, and while Hillary is quick to label Trump a tax cheat, he’s a rank amateur compared to folks that donate to her coffers. Looking through Warren Buffett’s business’s tax return information reported in his 2015 annual report, we find out that while we the people pay taxes, Berkshire Hathaway (currently trading at $215,750 for just one share) pays “hypothetical” taxes. First, let’s look at earnings before taxes for Berkshire Hathaway.  Everybody knows that the Clinton compatriot is successful, so it’s no surprise that his company made a before tax profit in 2015 of just under $35 billion.  On this money they recorded a current tax of $5.426 billion, or about 15%.  The top corporate tax rate for 2015 was 39%, and Hillary wants to raise it even higher because that’s only fair. Is it fair that her friends pay only 15%?  I remember...(Read Full Post)