In response to:
...Sabino, a professor of business at St. John's University. "He's no doubt utilized the present tax code to maximum effect."
Berkshire said it bought 9,200 Class A shares from "the estate of a long-time shareholder," whom it did not name, at $131,000 per share, a price in line with where Berkshire has traded in recent weeks.
Buffett's assistant didn't respond to a request for comment on the shareholder's identity. The shares represent 1 percent of Berkshire's Class A stock.
Et tu, Jim DeMint?
Most of us here are not in the loop of what they’re discussing, but I do know this: This government doesn’t need more money — this country needs less government. To take more money out of the real economy and give it to politicians and bureaucrats, no matter who you take it from, is not going to help the middle class or anyone else. The president’s proposal...
He has also been publicly campaigning for more than a year for higher taxes on the wealthy, even lending his name to a proposal called the "Buffett Rule" that failed in Congress.
DEATH AND TAXES
Berkshire also said Wednesday it raised the threshold for future share buybacks to 120 percent of book value from 110 percent, the level it chose when it first approved a repurchase program in...
Among other levies, the estate tax is expected to rise in the new year package by as much as 20 percentage points, which may have spurred the anonymous shareholder to sell now.
Buffett was a signatory of an open letter released Tuesday that called for a lower starting point for the tax and a higher taxation rate, beginning at 45 percent.