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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Tuesday, August 30, 2011

What? Warren Buffet's Berkshire Hathaway Hasn’t Paid Its Taxes

(By Hillary Reinsberg, Mogulite) - Ironic, isn’t it? When Warren Buffett penned that op-ed demanding he be taxed more, we assumed that meant he had actually paid his taxes. Not quite the case. Buffett’s famed company, Berkshire Hathaway, owes taxes that are nearly a decade old.

Oh, and they’re not denying it. Berkshire is freely owning up to the fact that it owes taxes from as far back as 2002. Right now, it looks like there are outstanding taxes from 2002-2004 as well as from 2005-2009. They promise they’ll work it out with the IRS within the next year. Can’t Buffett just take a little out of his piggybank and pay up? For a man who so actively preaches honesty and integrity, we’re a little baffled as to why Berkshire won’t just fork over what it owes.


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