Warren Buffett's Berkshire Hathaway paid 1.5% of all U.S. corporate taxes collected in 2019

by Adam Ford · Feb 22nd, 2020 4:57 pm

Berkshire Hathaway, the $560 billion conglomerate owned and run by billionaire Warren Buffett, itself paid 1.5 percent of all corporate income tax collected by the federal government in 2019.

In his legendary annual letter to shareholders, Buffet said:

"In 2019, Berkshire sent $3.6 billion to the U.S. Treasury to pay its current income tax. 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 1-1/2% of the federal income taxes paid by all of corporate America."

Buffett, an avowed Democrat, credited Trump's tax cuts with significantly increasing earnings in the myriad businesses Berkshire owns. He also said that "in most future years, we both hope and expect to send far larger sums to the Treasury."

Berkshire employs nearly 400,000 people.


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