Berkshire Hathaway Sets Another Record With Massive Tax Bill
- Warren Buffett said it’s paid $101 billion over past 60 years
- Berkshire Chairman called on ‘Uncle Sam’ to ‘spend it wisely’
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Berkshire Hathaway Inc. Chairman Warren Buffett said the company has paid the US government more than $101 billion in taxes since he took the helm 60 years ago, more than any other firm in history, according to his annual letter to investors on Saturday.
Buffett’s comments come as President Donald Trump has vowed to cut corporate taxes further after slashing them to 21% during his first term in 2017. Trump wants to reduce the corporate tax rate to 15%.