Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!





Recent Entries
« Joe Paterno Filled with Regret for Not Reporting Child Molestation and a Treatable Form of Lung Cancer, but Mostly a Treatable Form of Lung Cancer | Main | College Football Thread UPDATED »
November 19, 2011

Warren "Tax Me More" Buffett's Company Sues IRS Over "Illegal" Taxation

Oh my.

NetJets, a unit of Warren Buffett's Berkshire Hathaway Inc., this week sued the Internal Revenue Service over what it called an "illegal" $643 million tax assessment.

The IRS had determined that NetJets had failed to collect a "ticket tax" from its customers—the same tax that's paid by passengers every time they fly on a commercial flight.

...

"The IRS's assessments in this case improperly extend application of the ticket tax beyond commercial airline and charter passengers, to persons who own the aircraft on which they fly," the company said in the suit.

NetJets also claimed that the IRS hadn't attempted to assess such taxes on rival fractional-jet businesses, placing the company "at a significant disadvantage."

Now on the face of it it seems Buffett's company is right. Why should people who own the jets pay a "ticket tax"? You don't buy a ticket to ride on something that you own.

But "corporate jet owners"? Aren't they the lowest of the low or something? And Buffett is suing to keep their costs down and protect them for unfair taxation?

Oh and remember when Obama wanted to change how evilllll "corporate jet owners" were taxed? Yeah, Buffett opposed that too.

Buffett and his management team have a fiduciary obligation to fight this on behalf of their clients. But the idea that Buffett then will turn around and say other people (presumably including most of these same clients) should be taxed at higher levels to satisfy his moral vanity is an amazing twist of logic.

Hypocrisy thy name is Liberalism (and always has been).


digg this
posted by DrewM. at 11:01 AM

| Access Comments




Recent Comments
Tobacco Road: "So this thread has been up for six hours and is st ..."

NaCly Dog: "Thanks for the recommendation RFH. I still th ..."

fairweatherbill bucking the wind: "Lots of upside down turkey techniques on YouTube. ..."

lindafell: "Steck, Make Parker House rolls! ;) Yum!! BTW ..."

Tobacco Road: "...For a second I thought I'd bought an all dark m ..."

Jean: "And I think I can probably unfriend someone on F ..."

BackwardsBoy, Curmudgeon Extraordinaire [/i][/s][/b][/u]: "One Thanksgiving many moons ago, the Daughter of S ..."

Y-not: "My first turkey 30 years ago was cooked upside dow ..."

GGE of the Moron Horde, NC Chapter: "But then when you subsidize/govern prices of thing ..."

Hutzpah: "I had to cook 2 Turkeys and take them over to my s ..."

Fox2!: "Always have an excess of ammo. You can never ha ..."

keninnorcal: "Eh, the "grow local" movement doesn't do nearly as ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64