ha!.....yeah right; http://www.barrons.com/arti

ha!.....yeah right;

http://www.barrons.com/articles/warren-buffet...1428726092

" The Buffett Loophole and the Berkshire Model are allowing one individual to build one of the great American fortunes while avoiding individual taxes. Talk about someone not paying his share! "

Quote:

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However unethical the Buffett Loophole and the Berkshire Model may seem, however much they may appear to be gaming the tax code, no one has claimed they are illegal.

Now consider Section 531 of the Internal Revenue Code, which imposes a 20% tax on the accumulated but undistributed income of a corporation. And Section 532 of the Code states that the tax shall apply to “every corporation…availed of for the purpose of avoiding of the income tax with respect to its shareholders…by permitting earnings and profits to accumulate instead of being divided or distributed.”

The Buffett Loophole and the Berkshire Model provide clear examples of the purpose of Sections 531 and 532. Buffett and Berkshire are accomplishing precisely what the code is trying to prevent: shareholders getting away without paying taxes.

Enforcement of these two sections has been sporadic, subject to the judgment of the Internal Revenue Service. An official commentary on the code, Federal Tax Coordinator 2d, D-3003, states that, for enforcement of the accumulated-earnings tax, “Congress did not want the taxing authorities second-guessing the responsible managers of corporations as to whether and to what extent profits should be distributed or retained, unless the taxing authorities were in a position to prove their position was correct.”

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Don't you get it..increasing the taxes on the wealthy...which is what he preaches... would not cause him one bit of harm because he dodges the system through Berkshire!!!!!!!!!!!!!

Philanthropist my ass!