Magox Posted March 10, 2012 Share Posted March 10, 2012 (edited) NetJets Inc., the private-plane company owned by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), was countersued by the U.S. over $366 million in taxes and penalties. NetJets in November sued the U.S., saying the federal government had wrongly imposed taxes, interest and penalties totaling more than $642.7 million. Claiming the federal Internal Revenue Service wrongfully assessed a so-called ticket tax -- an excise tax on payments made in exchange for air transportation -- to private aircraft owners maintaining their own planes, the Columbus, Ohio-based company demanded refunds and abatements. The federal government, in a revised answer and countersuit filed yesterday in federal court in Columbus, rejected NetJets’ claims and alleged that four of the company’s units owe unpaid taxes and penalties. NetJets Aviation Inc. owes more than $302.1 million, and another unit, NetJets International, is liable for $52.9 million, the U.S. said. Executive Jet Management Inc. owes $10 million while NetJets Large Aircraft owes $1.19 million, the U.S. claimed. “NetJets doesn’t comment on pending litigation,” General Counsel Colleen Nissl said in a statement e-mailed to Bloomberg News http://www.bloomberg.com/news/2012-03-09/buffett-s-netjets-is-countersued-by-u-s-over-unpaid-taxes.html Hmmmm, so he argues that the rich don't pay enough in taxes, so then he sues the government because he thought he was being taxed too high, to only be countersued that he he wasn't taxed enough. Well there you go Warren, you got what you wanted. Pay up B word! Edited March 10, 2012 by Magox Link to comment Share on other sites More sharing options...
Bigfatbillsfan Posted March 10, 2012 Share Posted March 10, 2012 http://www.bloomberg.com/news/2012-03-09/buffett-s-netjets-is-countersued-by-u-s-over-unpaid-taxes.html Hmmmm, so he argues that the rich don't pay enough in taxes, so then he sues the government because he thought he was being taxed too high, to only be countersued that he he wasn't taxed enough. Well there you go Warren, you got what you wanted. Pay up B word! Well, he's getting old. Link to comment Share on other sites More sharing options...
Doc Posted March 10, 2012 Share Posted March 10, 2012 He's been dodging taxes for years. The only reason he's backing "the Buffett rule" is because Barry agreed to veto the Keystone Pipeline, which benefits Warry, and because he knows it will NEVER get passed. Link to comment Share on other sites More sharing options...
Rob's House Posted March 10, 2012 Share Posted March 10, 2012 I really wish this POS would hurry up and die. Unlike the Matt Taibbi crowd, I don't Presume to be able to judge the soul of another because of his politics. But this phony mother!@#$er and his bogus compassion act really takes it a step further. He is the embodiment of everything he pretends to be against. Tom said something the other day about the inference telling you more about the inferrer than anything else & that's on full display here. People that think everyone else is scamming are the biggest scammers of all & they assume that under the facade everyone is wired like they are. If Mr. Buffet was serious about this and honest he'd say the system needs safeguards to protect against people like him. Link to comment Share on other sites More sharing options...
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