3-8-2004 Buffett Says Bush Tax Cuts Favor Wealthy
Billionaire investor Warren Buffett accused the Bush administration Saturday of pursuing tax cuts that favor large corporations and wealthy individuals.
If class warfare is being waged in America, my class is clearly winning," Buffett said in Berkshire Hathaway Inc.'s annual report.
Except for 1983, the percentage of federal tax receipts from corporate income taxes last year was the lowest since data was first published in 1934, Buffett said.
"Tax breaks for corporations (and their investors, particularly large ones) were a major part of the administration's 2002 and 2003 initiatives," Buffett said.
Buffett said many large corporations now pay nothing close to the stated federal tax rate of 35 percent.
Even when the rich have more money than human can reasonably spend in a lifetime they want more and tying up our Court system for decades:
Fuggin Thugs
3-7-2004 Hyatt Family Fued over inheritance Money
CHICAGO - A judge has dismissed a lawsuit by two young members of the wealthy Pritzker family who said they were cheated out of their inheritance, but the siblings will be allowed to amend the lawsuit and continue their case.
Liesel Pritzker, 19, and her brother, Matthew Pritzker, 21, say they were cheated out of more than $1 billion under an agreement reached by their relatives to divide the family fortune. They have sought at least $5 billion in punitive damages.
The family's major holdings include Hyatt Corp., with estimated 2001 revenues of $2 billion, and the Marmon Group, which holds a number of manufacturing and financial service companies and has assets estimated at $7.2 billion.
The young Pritzkers are suing their father, Robert Pritzker, and dozens of much older half-siblings and cousins.
The siblings are among 12 surviving grandchildren of Abram Nicholas Pritzker, the financier, industrialist and family patriarch who died in 1986.
Liesel Pritzker is an actress who performs under the name Liesel Matthews. She starred in the movie "The Little Princess" and played the president's daughter in "Air Force One."
Billionaire investor Warren Buffett accused the Bush administration Saturday of pursuing tax cuts that favor large corporations and wealthy individuals.
If class warfare is being waged in America, my class is clearly winning," Buffett said in Berkshire Hathaway Inc.'s annual report.
Except for 1983, the percentage of federal tax receipts from corporate income taxes last year was the lowest since data was first published in 1934, Buffett said.
"Tax breaks for corporations (and their investors, particularly large ones) were a major part of the administration's 2002 and 2003 initiatives," Buffett said.
Buffett said many large corporations now pay nothing close to the stated federal tax rate of 35 percent.
Even when the rich have more money than human can reasonably spend in a lifetime they want more and tying up our Court system for decades:
Fuggin Thugs
3-7-2004 Hyatt Family Fued over inheritance Money
CHICAGO - A judge has dismissed a lawsuit by two young members of the wealthy Pritzker family who said they were cheated out of their inheritance, but the siblings will be allowed to amend the lawsuit and continue their case.
Liesel Pritzker, 19, and her brother, Matthew Pritzker, 21, say they were cheated out of more than $1 billion under an agreement reached by their relatives to divide the family fortune. They have sought at least $5 billion in punitive damages.
The family's major holdings include Hyatt Corp., with estimated 2001 revenues of $2 billion, and the Marmon Group, which holds a number of manufacturing and financial service companies and has assets estimated at $7.2 billion.
The young Pritzkers are suing their father, Robert Pritzker, and dozens of much older half-siblings and cousins.
The siblings are among 12 surviving grandchildren of Abram Nicholas Pritzker, the financier, industrialist and family patriarch who died in 1986.
Liesel Pritzker is an actress who performs under the name Liesel Matthews. She starred in the movie "The Little Princess" and played the president's daughter in "Air Force One."
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