Warren Buffett has earned his share of critics?for his proposal to increase taxes on the super-rich--a plan the Obama administration has dubbed the "Buffett Rule." But he didn't shy away from his detractors during a?Fortune conference on Tuessday in California. When asked about the?Wall Street Journal editorial board's recent request for the Berkshire Hathaway CEO?to publicly release his income tax returns,?The Wrap?reports,?Buffett responded, "Ask the Journal's boss Rupert Murdoch." He declared that he would show his return if Murdoch showed his. "I'm ready tomorrow morning," he added. As far as we can tell, Murdoch has yet to comment on the tax return brinksmanship.
Related: Getting Behind Buffett's 'Tax the Rich' ManifestoIn late September, a Journal editorial urged Buffett to "let everyone else in on his secrets of tax avoidance" by releasing his returns:
Going only by Mr. Buffett's unverified claims, his federal taxes in 2010 amounted to 17.4% of his taxable income, probably because much of his income was from capital gains and dividends. It's also likely that he took significant deductions for charitable donations. No doubt the millions of Americans who could end up paying more because of this claim would love to see the details.
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