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Yeah, but his secretary’s tax bill will still be higher

By Laurie Bennett

September 26, 2011 at 5:06pm

The news is bound to spark even more commentary on why the he’s so eager to pay more to the IRS.

Berkshire Hathaway announced plans Monday for a stock buyback. Among the happy stockholders: Berkshire Chairman and CEO Warren Buffett.

The Wall Street Journal points out that Buffett will see paper gains of about $2.39 billion.

This, despite having boasted in his annual letter to stockholders in January that the company had not spent a dime on dividends or share repurchases during the past 40 years.

In a news release, Berkshire said the buybacks would continue “indefinitely.”

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