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Saturday, February 22, 2020

1.5 Percent Of All Corporate Taxes Paid To The US Came From Warren Buffett's Berkshire Hathaway -- February 22, 2020

Maybe more on this later, but this seems to speak for itself, link here:
Warren Buffett wants to let you know that Berkshire Hathaway is paying taxes.

“In 2019, Berkshire sent $3.6 billion to the U.S. Treasury to pay its current income tax,” Buffett said in his annual letter to shareholders. “The U.S. government collected $243 billion from corporate income tax payments during the same period. From these statistics, you can take pride that your company delivered 11⁄2% of the federal income taxes paid by all of corporate America.”

Berkshire Hathaway is massive. The $560 billion company had operating earnings of $24 billion in 2019. Including all of its operating companies, Berkshire employs nearly 400 thousand people.
It would be interesting to see similar numbers from the MAGA companies: Microsoft, Apple, Google, and Amazon.

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Update On "Mount Fargo"

Link here to story and great video from KXNET.

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