Reported 26 days ago
At the 2024 Berkshire Hathaway Annual Meeting, Warren Buffett claimed that if 800 companies matched his firm's significant federal tax payments, no American would need to pay federal taxes. In 2023, Berkshire paid over $5 billion in federal taxes, leading Buffett to assert that this revenue is crucial for addressing the national fiscal deficit. He emphasized the responsibility large corporations have in contributing to the economy while acknowledging diverging opinions on the impact of increased corporate taxes.
Source: YAHOO