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Flame Of Liberty · 12-12-2012, 06:21 PM

Hilarious:

Berkshire Seeks To Avoid 2013 Tax Hike, Buys Back BRK Shares

Define irony: when the most vocal supporter of a dramatic change to the existing tax policy takes advantage of the last few days of the old one...

- BERKSHIRE HAS PURCHASED 9,200 OF CLASS A SHRS AT $131,000-SHR
- BERKSHIRE RAISED PRICE LIMIT FOR BUYBACKS TO 120% BOOK VALUE
- BERKSHIRE MAY BUY ADDED SHRS AT NO MORE THAN 120% BOOK VALUE
- BERKSHIRE BOOSTS BUYBACK PRICE LIMIT TO 120% BOOK VALUE VS 110%

A total $1.2 billion spent to avoid a few hundred million in new taxes. And now back to the hypocrticy of the "Buffett tax", and "Patriotic Millionaires for America."

http://www.zerohedge.com/news/2012-1...ack-brk-shares

(Reuters) - Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Berkshire Hathaway CEO said the rich should actually be paying more, not less, when they die.

http://www.reuters.com/article/2012/...8BB0ZV20121212

12-12-2012, 06:21 PM	#106
Flame Of Liberty Lifetime Suspension Join Date: Mar 2002 Location: Sydney, NSfW Exp:	Hilarious: Berkshire Seeks To Avoid 2013 Tax Hike, Buys Back BRK Shares Define irony: when the most vocal supporter of a dramatic change to the existing tax policy takes advantage of the last few days of the old one... - BERKSHIRE HAS PURCHASED 9,200 OF CLASS A SHRS AT $131,000-SHR - BERKSHIRE RAISED PRICE LIMIT FOR BUYBACKS TO 120% BOOK VALUE - BERKSHIRE MAY BUY ADDED SHRS AT NO MORE THAN 120% BOOK VALUE - BERKSHIRE BOOSTS BUYBACK PRICE LIMIT TO 120% BOOK VALUE VS 110% A total $1.2 billion spent to avoid a few hundred million in new taxes. And now back to the hypocrticy of the "Buffett tax", and "Patriotic Millionaires for America." http://www.zerohedge.com/news/2012-1...ack-brk-shares (Reuters) - Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Berkshire Hathaway CEO said the rich should actually be paying more, not less, when they die. http://www.reuters.com/article/2012/...8BB0ZV20121212 Last edited by Flame Of Liberty; 12-12-2012 at 06:30 PM.