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

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23 Responses to “Warren Buffett Opens His Kimono Ever So Slightly…”

  1. pazzo83 says:

    I only show the full enchilada for hotel staff.

    – DSK

  2. Financial_Servicer says:

    Just threw up in my mouth a little.

  3. AIG Quant via LEH says:

    No Tit?

  4. Appreciative Guest says:

    Thank you, Bess. Thank you…

    • guestapo says:

      " 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.

  5. #401 says:

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

  6. Nailz6 says:

    There are people in Kansas making more than Buffett?

  7. Guest says:

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

  8. WMB says:

    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

  9. PermaGuestII says:

    Looks like Uncle Warren has a decent slug of munis.

  10. Guest says:

    Death, Taxes & Wollensky

  11. Guest says:

    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.

    • ACDC says:

      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.

      • Not a lobbyist says:

        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.

  12. Haterade says:

    Didnt know buffdaddy was part of occupy wallstreet.

  13. Guest says:

    Is one of the Koch brothers a Kansas resident?

  14. Guest says:

    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.