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The Real Reason Warren Buffett’s Taxes Are Low

The Real Reason Warren Buffett’s Taxes Are Low

Originally Published on forbes.com on August 15th, 2011 ______________________________________ Warren Buffett was in the New York Times today bragging about his low effective tax rate and saying how he would like to be paying more. Fellow Forbes contributor Tim...
Warren Buffett Benefits More From Deferral Than a Low Rate

Warren Buffett Benefits More From Deferral Than a Low Rate

Originally Published on forbes.com on August 15th, 2011 ______________________________________ I have received several comments on my post on Warren Buffett’s taxes that indicate that people think I missed the point.  I only “called out” one of them, because it was...
Soon I Start Charity For Taxi Mechanics From Old Country

Soon I Start Charity For Taxi Mechanics From Old Country

Originally Published on forbes.com on August 14th, 2011 ______________________________________ One of my favorite TV tropes is “the old country”.  One of the characters would have some sort of encounter with a parent or a memory about how things were in “the old...
Horse Breeders Win In Tax Court

Horse Breeders Win In Tax Court

Originally Published on forbes.com on August 13th, 2011 ______________________________________ Section 183 of the Internal Revenue Code tells us that we cannot deduct losses unless we are trying to make a profit.  The rules surrounding this issue are sometimes...