Buffett Says No Other Americans Would Have Had To Pay Even A Dime In
Federal Taxes If This Had Happened
Zinger Key Points
Berkshire sent over $5 billion to the U.S. federal government in
taxes last year, Buffett says.
He expects a higher tax rate to come into play, given the current
high fiscal deficit.
...
...
The investment guru noted that Berkshire pays taxes at a 21% federal
tax rate on the capital gains it earns on its Apple investment. The
tax rate was at 35% not long ago and a steeper 52% in the past, he
said.
...
...
He noted that Berkshire sent over $5 billion to the U.S. federal
government in taxes last year.
"If 800 other companies had done the same thing no other person in the
United States would have had to pay a dime of federal taxes, whether
income taxes, no social security taxes, no estate taxes."
https://www.benzinga.com/government/24/05/38630925/buffett-says-no-other-americans-would-have-had-to-pay-even-a-dime-in-federal-taxes-if-this-had-happe
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