Archive for December 10th, 2012

Eliminate the debt ceiling … say, what?

December 10, 2012

Even in 2010, when the national debt was “only” $13.7 billion

… the U.S. was the world’s #1 debtor in the sheer amount of debt

… and was approaching the top 10 as a % of GDP.

image

Source

* * * * *

The debt continues to grow in $$$ and as a percent of GDP

Here are the nums:

(more…)

Posted in Debt - Deficit | Leave a Comment »

Uh-oh: Buffett isn’t going to like this …

December 10, 2012

Several companies have announced that they’ll pay special dividends this year while investors are still be taxed  “only” 15% on them.

My favorite had been Costco since co-founder and former CEO Jim Sinegal  lambasted the rich at the Democratic National Convention, saying that they aren’t paying their fair share!

Shortly after, Costco then rushed to save its investors some taxes by announcing a special dividend to be paid before year end.

Glance at Yahoo Finance’s list of beneficiaries:

image

Yep, there’s the holier-than-thou Mr. Sinegal atop the leader board.

I guess he means other rich people should pay more.

Recognize the name coming in 5th at Costco?

Charles Munger is Warren Buffett’s sidekick.

Which provides a nice transition.

image

Following Costco’s lead, the Washington Post will pay its 2013 dividends before the end of this year to try to spare investors from anticipated tax increases.

Guess who’ll benefit from that tax avoidance move …

Yep, no other than Warren “You Should Pay More Taxes” Buffett.

You see, Buffett’s firm Berkshire Hathaway is reported to be the WaPo’s largest shareholder with an estimated 1.7 million shares … and will get a dividend payment of roughly $17 million .

C’mon man, walk the talk … or shut-up !

* * * * *
Follow on Twitter @KenHoma                     >> Latest Posts

Posted in Buffett, Warren, Tax Loopholes, Taxes | 1 Comment »