Warren Buffett’s Tax Dodge

An editorial from the Wall Street Journal

Barney Kilgore, the man who made the Wall Street Journal into a national publication, was once asked why so many rich people favored higher taxes. That’s easy, he replied. They already have their money.

That insight is worth recalling amid the latest political duet from President Obama and Warren Buffett demanding higher taxes on “millionaires and billionaires.” Mr. Buffett is repeating his now familiar argument this week, coinciding with Mr. Obama’s Midwestern road trip on the economy. Since the media are treating Mr. Buffett as a tax oracle, let’s take a closer look at some of the billionaire’s intellectual tax dodges.

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  • Dodge

    In 1967, the Dodge Coronet was the car model onto which the R/T package was installed for the first time. Chargers were outfitted with R/T in 1968 and by 1970, with the introduction of the Dodge Challenger in the market; auto enthusiasts could buy an R/T model with a wide variety of engines and options.

  • Glen Stambaugh

    It seems truth is a pliant concept in the hands of a liberal billionare and POTUS with an agenda. The details that illuminate are not convenient to their story.