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Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20383 posts

Warren Buffett making money off Obama

The Washington Post's dividend payment also stands to benefit those with a significant stake in the company, such as Warren Buffett's firm Berkshire Hathaway. Berkshire is its largest shareholder with an estimated 1.7 million shares, which means it could get a roughly $17 million dividend payment.

Wow no wonder he loves Obama?
Why would this wonderful newspaper frick the country out of taxes?
LINK
This post was edited on 12/8 at 4:06 pm



tigerfan4120
LSU Fan
Member since Dec 2003
2990 posts
Online

re: Warren Buffett making money off Obama
quote:

Since 2003 investors have paid a maximum 15 percent on dividend income. But that historically low rate will expire in January unless Congress and President Barack Obama reach a compromise on taxes and government spending. As it stands, dividends will be taxed as ordinary income in 2013, the same as wages, so rates will go up depending on which income bracket a taxpayer is in. For the highest earners, the dividend rate would jump to 43.4 percent.


From the article. Shit, I'm not an economist, but increasing the tax on dividend rates from 15% to 43.4% seems like a great way to keep people in the market


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stat19
Alabama Fan
Member since Feb 2011
13282 posts

re: Warren Buffett making money off Obama
Duh... you didn't think the things WB advocates were because of his upright moral character did you?


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LSURussian
LSU Fan
Member since Feb 2005
85178 posts

re: Warren Buffett making money off Obama
quote:

Warren Buffett making money off Obama

Shouldn't that be "Berkshire Hathaway shareholders making money off Obama"?


nobodytooimportant
Member since Oct 2012
657 posts

re: Warren Buffett making money off Obama
Correct me if i am wrong, but isn't all it is saying is to take advantage of low dividen rates this year, they are going to pay out now instead of later. I don't read anyone making more money becuase of this.

By the way any increase in dividen rates is going to disproportionally hit Buffet as most of his money is made from investment income.


lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Warren Buffett making money off Obama
quote:

Shouldn't that be "Berkshire Hathaway shareholders making money off Obama"?




They're on a roll....

Don't confuse them with the facts!







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Turbeauxdog
LSU Fan
Member since Aug 2004
6601 posts
Online

re: Warren Buffett making money off Obama
quote:

quote: Warren Buffett making money off Obama Shouldn't that be "Berkshire Hathaway shareholders making money off Obama"?


What percentage of BH does Buffet own?

I'm not sure what your point was.


LSURussian
LSU Fan
Member since Feb 2005
85178 posts

re: Warren Buffett making money off Obama
About 25-30%.


DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: Warren Buffett making money off Obama
(no message)
This post was edited on 3/7 at 11:51 am


lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Warren Buffett making money off Obama
quote:

Russian. Does buffet have the power to decide when dividends are paid? I'm not up on their operating agreement? If he doesn't this is a non-story. If he does, does he have a fiduciary duty to the shareholders? If he does this is a non story. But, if there isn't a fiduciary duty and he does control dividends...it seems like he has the perfect opportunity to put his money where his mouth is and wait till january to pay dividends. Then he can pay more taxes like he professes to want.



Berkshire has a Board of Directors, consisting of 12 members....

The Board typically will decide when, and how much, the dividend will be declared, and paid.



DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: Warren Buffett making money off Obama
(no message)
This post was edited on 3/7 at 11:51 am


LSURussian
LSU Fan
Member since Feb 2005
85178 posts

re: Warren Buffett making money off Obama
I doubt if Buffett has sole authority in dividend declaration of the subsidiaries of BRK. If WaPo is a BRK-A sub, the dividend would go to the holding company (BRK-A) and to any minority shareholders. I'm not familiar with the details of the ownership structure of all the BRK subs. Some are wholly owned and some are just majority owned.


DapperDan
LSU Fan
Member since Jul 2012
1226 posts

re: Warren Buffett making money off Obama
(no message)
This post was edited on 3/7 at 11:51 am


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lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Warren Buffett making money off Obama
quote:

Well then its a non story...unless of course buffett is on the board and voted for the dividend. Unless he has a fiduciary duty.


Buffett is a shareholder, and is on the BoD....

That said, he would not hold a preemptive number of votes to "have his way". All board actions, including dividend decisions, are decided by a majority of the board.



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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
25155 posts

re: Warren Buffett making money off Obama
quote:

Correct me if i am wrong, but isn't all it is saying is to take advantage of low dividen rates this year, they are going to pay out now instead of later.
Yes and no. Companies are paying special dividends. Larger than historic. One company is a $2.95/s stock, paying out a $1/s dividend! It's a cash out. And companies won't have as much available capital going forward because of it.

I started a thread about it last week.


nobodytooimportant
Member since Oct 2012
657 posts

re: Warren Buffett making money off Obama
Fair enough but the point still is obama isnt helping buffet make money. Companies are just making business decisions based on what they predict the tax law will be next year.


IceTiger
USA Fan
Really hot place
Member since Oct 2007
9412 posts

re: Warren Buffett making money off Obama
Technically, if he gets the huge dividend, then sells the shares before they plummet, then he doesn't only make a mild amount of loot...but he'll save an assload of cash...

Stuff like this makes me think the bottom will drop...and dumb mfers will still be blaming repubs...whose only real sin is not being able to teach the retarded American public what's the impact of leaving Dingy Harry in charge...along with the national socialist in the WH


Cold Pizza
Ohio State Fan
Member since Sep 2011
7639 posts

re: Warren Buffett making money off Obama
quote:

Warren Buffett making money off Obama


And we haven't gotten to the part of how nixing Keystone XL has benefitted his ownership of BNSF.


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nobodytooimportant
Member since Oct 2012
657 posts

re: Warren Buffett making money off Obama
But again if buffet analyzing things better than others and makes a better business decision it is not Obama helping him make money. It is not like Obama wrote into the tax codes you don't have to pay taxes only if you sell class a shares valued at over 100k( which as far as I know would only be Berkshire Hathaway)


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20383 posts

re: Warren Buffett making money off Obama
Where did anyone say your Savior directly assisted anyone make money? You have a douche like Buffett rambling on about raising taxes, now with taxes from Obama's policy hitting harder next year they are cranking out disproportionate dividends to avoid increased taxes. Berkshire and Buffett stand to make money of this.


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