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Warren Buffett's Private Jet Company Is Being Countersued By The US Government Over Taxes

One of Warren Buffett's Berkshire Hathaway holdings, NetJets (a private aircraft company), is being countersued by the U.S. government for at least $302 million in taxes and penalties, Bloomberg reports. This story is bound to attract some attention, since Warren Buffett has been so outspoken about every American paying their fair share of taxes. And it's a really hot headline to be sure — but there's a little more to the story.
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This Is Why The IRS Is Suing Warren Buffett's Private Jet Business Over Unpaid Taxes

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Feds Sue Warren Buffett's Company for Back Taxes; $1 Billion in Taxes at Stake

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Bloomberg, Buffett’s NetJets Countersued by Government for Unpaid Taxes: NetJets Inc., the private-plane company owned by Warren Buffett’s Berkshire Hathaway Inc., was countersued by the U.S. over $366 million in taxes and penalties...

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