In response to:

DeMint: Obama's Going to Get His Tax Hikes, Guys

clarityseeker2 Wrote: Dec 13, 2012 5:01 PM
...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.
clarityseeker2 Wrote: Dec 13, 2012 5:03 PM
"We believe it is right to have a significant tax on large estates when they are passed on to the next generation. We believe it is right morally and economically, and that an estate tax promotes democracy by slowing the concentration of wealth and power," the 33 signers wrote in the letter released by the campaign, United for a Fair Economy.

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...
clarityseeker2 Wrote: Dec 13, 2012 5:02 PM
The repurchase came less than a month ahead of the looming "fiscal cliff," automatic tax hikes and spending cuts set for January 1 that the White House and members of Congress have been negotiating to avoid.

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.

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...