Beltway Confidential

Warren Buffett’s tax bill — and his subsidy lobbying

By Timothy P. Carney
Published May 5, 2014 4:00am ET
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Warren Buffett’s tax bill — and his subsidy lobbying
"I will do anything that is basically covered by the law to reduce Berkshire's tax rate," Warren Buffett said. | Nati Harnik

Billionaire Obama fundraiser Warren Buffett is totally within his rights to pay only the taxes he owes — as an individual, and as the owner of many corporations. I’ve even defended the integrity of Buffett’s paying a low rate while lobbying for a higher rate.

But the situation is more complex than that, as today’s Wall Street Journal editorial points out. Here’s my favorite part:

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Lobbying Subsidies Taxes Timothy P. Carney Warren Buffett