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Berkshire Hathaway Breaks Records with $26.8 Billion Tax Payment
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Subscribe25 FEB 2025 / ACCOUNTING & TAXES
In 2024, Warren Buffett's Berkshire Hathaway paid a record-breaking $26.8 billion in corporate income taxes to the U.S. government, accounting for 5% of all corporate income taxes paid by U.S. companies that year. Buffett urged the government to use these funds to help those less fortunate, thus highlighting his focus on corporate responsibility, while the company's record cash reserve of $334 billion points to more future investments and potential tax contributions.
Imagine paying a tax bill so large it’s the size of some countries’ annual GDP. Now, imagine being so used to writing massive checks that it almost feels like a normal day at the office. That’s what happened when Warren Buffett’s Berkshire Hathaway paid a...
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