This person pays billions in taxes to donald trump govt!
Berkshire Hathaway Chairman warren buffett said that Hathaway has paid the highest tax to the US government in the year 2024. He said that Hathaway has paid $26.8 billion to the US government in 2024, which is more than any American company, apart from this we have paid a large amount in the form of tax to foreign governments and 44 states. Buffett said that in the last 60 years, Berkshire Hathaway has paid $101 billion in taxes. Further, he urged the US government and said, thank you Uncle Sam! One day Berkshire would like to pay more tax for you than this. Spend this amount wisely and help those who are struggling with lack of resources and are struggling in life without any fault.
Tax of more than $ 1 million every 20 minutes
Buffett said that even if Berkshire had sent a check of $ 1 million to the US government every 20 minutes during 2024, we would still have to pay a huge amount at the end of the year. He also told that the tax paid by Hathaway was 5 percent of the total tax paid by all corporate companies in America. Buffett further said that the tax paid by Hathaway is more than those big tech companies of America whose market cap is more than a trillion dollars.
6th richest person in the world
Let us tell you that warren buffett is currently the 6th richest person in the world. In the december quarter, the operating income of Buffett's company Hathaway increased by 71 percent to $ 14.5 billion. Insurance income played the biggest role in this increase, which increased by about 48 percent to $ 4.1 billion. The company's underwriting business also saw a great jump and its EBITDA grew 4 times to $3.4 billion in the third quarter.
What did he say for America's future?
Buffett, known as the Oracle of Omaha, often stays away from political statements. But this time he advised the trump government regarding tax. Usually, investors and administrators of not only America but the whole world keep an eye on Buffett's words. Buffett had earlier predicted in december 2024 that the tax rate could be increased to meet the growing fiscal deficit in America. He reminded the US government that it is the responsibility of the government to keep the currency stable, for which the government needs to show vigilance and prudence.
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