#491: Warren Buffett Clarifies His Tax Info

While I hesitate to comment on the political nature of this story, there is so much good information on tax policy here as Warren Buffett's release of 70+ years of tax information demonstrates. Of particular note, the explanation of tax loss carryforwards and how the laws differ between Subchapter S corporations and publicly traded corporations. My own person comment is that I hope Warren Buffett will leave that first tax return where he owed $7 in federal tax as a 13 year old to the Smithsonian!