Taxes

It’s that time of year again. Tax time! Everybody’s doing their taxes or thinking about taxes ….so, this reminded me of something I read in Berkshire Hathaway’s 2006 annual report where Warren Buffett talked about zero taxes for all.

On page 19 of Berkshire Hathaway’s 2006 annual report Warren Buffett wrote:

“Berkshire will pay about $4.4 billion in federal income tax on its 2006 earnings. In its last fiscal year the U.S. Government spent $2.6 trillion, or about $7 billion per day. Thus, for m…