03 / 02 / 12

Berkshire Tax Return Could Be One for the Record Books

Berkshire Hathaway chairman Warren Buffett hinted in is annual letter to shareholders that the company's nearly 18,000 page tax return may merit the attenton of the Guiness Book of World Records.  Even at that length though, Berkshire's tax return would be dwafted by General Electric's, which reportly runs about 57,000 pages!! Buffett's tax policies have received attention in the past year after he wrote an editorial for the New York Times calling for changes in the Tax Code to tax the "super-rich" at a higher rate to ensure they dont hpay a lower tax rate than their secretaries.  Buffett has also been critized for the disputes that his company has gotten into with the IRS over the back taxes that the IRS says it owes.