• 12 Oct 2011 at 3:42 PM
  • taxes

Warren Buffett Opens His Kimono Ever So Slightly…

…and gives Congress a glimpse of the silver tuna. Want to see the full enchilada? The golden goose? The cast-iron baby arm? El Chorizo? Then you’re gonna have to get some other deep pocketed guys and gals to show what kind of heat they’re packing. You do that and WB promises he’ll give you the full autopsy results. Those are the rules. No tit? No tat. If anyone thinks he’s going to be the only one left standing naked, they can refer themselves to a fateful game of strip poker in ’57 from which he learned his lesson the hard way, and think again.


[...]

Buffett made $62,855,038 last year [Fortune]
Buffett Letter To Huelskamp [PDF via Fortune]
Related: Going out of Warren Buffett’s way to awkwardly marry aberrant sex fetish with folksy business wisdom

23 comments (hidden to protect delicate sensibilities)
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Comments (23)

  1. Posted by pazzo83 | October 12, 2011 at 4:12 PM

    I only show the full enchilada for hotel staff.

    – DSK

  2. Posted by Financial_Servicer | October 12, 2011 at 4:15 PM

    Just threw up in my mouth a little.

  3. Posted by AIG Quant via LEH | October 12, 2011 at 4:27 PM

    No Tit?

  4. Posted by Appreciative Guest | October 12, 2011 at 4:35 PM

    Thank you, Bess. Thank you…

  5. Posted by #401 | October 12, 2011 at 4:35 PM

    I fully support the top 400 earners disclosing their tax information. These guys are ruining America!

  6. Posted by guestapo | October 12, 2011 at 4:39 PM

    " You do that and WB promises he’ll give you the full autopsy results. "

    I don't even know what this means but I'm still laughing.

  7. Posted by Nailz6 | October 12, 2011 at 4:53 PM

    There are people in Kansas making more than Buffett?

  8. Posted by Guest | October 12, 2011 at 5:01 PM

    "pre-release wager". Is that kind of like Eliot betting that just one more time wouldn't be so bad?

  9. Posted by WMB | October 12, 2011 at 5:14 PM

    Congressman Huelskeptical,

    Your letter suggests that you think I'm lying about the size of my package. Dude, it's not even fair. I don't even feel right walking around with this kind of package. And it just keeps getting bigger. I'm not going to pull it out for fun, but like Biggie Smalls said "no need to be greedy, i got enough to feed the needy."

    -Warren Mandingo Buffet

  10. Posted by guestapo | October 12, 2011 at 5:25 PM

    Horrible. Learn WB's style (by reading the above, plus this: http://dealbreaker.com/2011/03/lets-do-warren-buf… plus this: http://dealbreaker.com/2009/11/warren-buffett-mak… ) and try again.

  11. Posted by Guy with A.D.D. | October 12, 2011 at 5:37 PM

    Nope.. just old loose-skinned man boobs

  12. Posted by Guy with A.D.D. | October 12, 2011 at 5:38 PM

    Wait…… you're taking it too far, lets start with:
    "There are PEOPLE in Kansas!?"

  13. Posted by Immaletyoufinish | October 12, 2011 at 5:54 PM

    I think he may be making a veiled reference to the Koch brothers. Koch Industries is HQ in Witchita.

  14. Posted by PermaGuestII | October 12, 2011 at 5:59 PM

    Looks like Uncle Warren has a decent slug of munis.

  15. Posted by Guest | October 12, 2011 at 7:35 PM

    Death, Taxes & Wollensky

  16. Posted by Guest | October 12, 2011 at 8:08 PM

    stopped reading after "..the ultra rich- who, as a group, are paying less of their income…."

    don't understand how the effective tax rate of a person who's reduced their taxable income by ~1/3 through [mostly charitable] deductions is in any way a justification for higher taxes or representation of the group. The IRS is not holding a gun to Warren's head forcing him to take those $23 million in deductions.

  17. Posted by Haterade | October 13, 2011 at 12:27 AM

    Didnt know buffdaddy was part of occupy wallstreet.

  18. Posted by Will Shakespear | October 13, 2011 at 2:28 AM

    Learn "nut muncher" (by visiting http://www.urbandictionary.com … plus learn: this isn't a competition for the best Buffet impersonation at http://www.commonsense.udonthaveit.gov) and give 'er another go

  19. Posted by ACDC | October 13, 2011 at 7:04 AM

    Yes, it's time to reduce pay, benefits, & employment @ charities ,as the government limits 23 million in deductions to pay for wars and increased employment, pay & benefits for bureaucrats. Or raise taxes on capital so that less is available for plants , equipment & the jobs required to produce these items. No wonder, manufacturing is moving to China where wages are low & capital is not taxed like here.

    Uncle Warren is old enough to retire and maybe he should. He wants to end the tax system which is partially responsible for his success by allowing him additional capital to make his investments over the last 40 + years. Younger entrepreneurs will pay for more government and have less capital for value added jobs as the government displaces their capital investments.

  20. Posted by Guest | October 13, 2011 at 8:21 AM

    Is one of the Koch brothers a Kansas resident?

  21. Posted by Guest | October 13, 2011 at 8:49 AM

    I'll believe Warren is selfless when he proposes a wealth tax. If his true income (as opposed to reportable) is only $60mio on a Fortune of $40bio, then maybe he ought Talk to Chuck.

  22. Posted by Abe_Froman_ | October 13, 2011 at 11:18 AM

    I'm not so sure uncle Warren wants to compare with the Koch brothers

  23. Posted by Not a lobbyist | October 13, 2011 at 12:19 PM

    Not so much. Buffett wants to flatten the tax code so he pays a higher rate and his staff pays a lower one. What exactly is wrong with that? A simplified tax code, with lower rates, a less byzantine structure, and fewer deductions benefits everyone.