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:
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.
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 !
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December 10, 2012 at 12:15 pm |
I love this one.. however, I think to be fair to Buffet & Jim, they are just trying to be greedy and trying to exploit the opportunity created..