Buffett Touts recorded tax payments Berkshire, calls the government to conduct reasonably

Chairman and CEO of Berkshire Hethai Warren Buffett On Saturday, they released their annual letter, which paid payments to a record company last year and called on the federal government to spend money wisely.

Buffett recalled as when first bought Berkshire Hethai 60 years ago, his long -standing business partner Charlie Mangger warned him that he was a big textile business at the time, “directed to extinction”, as his inability shows a profit and pay taxes at the time.

“The US Treasury has already received silent warnings about Berkshire’s fate,” he wrote. “In 1965, the company did not pay a penny of income tax, which usually prevailed in the company ten years old. Such economic behavior can be understood for glamorous startups, but it is a blink of yellow light when it happens on the venerable pole of the American industry. Berkshire headed for the ashes. “

“Fast ahead 60 years old and imagine a surprise in the treasury when the same company is still working under the name of Berkshire Hethai far more in corporate income tax than the US government If -no obtained from any company – even American technology titans who commanded market values ​​in trillionBuffet wrote.

Annual letter to Urano Buffett to Berkshira Hethaile shareholders: Read here

Berkshire Chairman and CEO Hethai Warren Buffett has advertised record payments of the company in his annual letter. (J. Kempin / Getty Images / Getty Images)

“If you be accurate, Berkshire last year did four Payments IRS This amounted to $ 26.8 billion. It’s about 5% of what all Corporate America paid. (In addition, we paid significant amounts for income taxes to foreign government and 44 states.) ”

Buffett added that the aggregate payments of the company’s income Treasury US Over time, they reached a set of $ 101 billion and noted that the company that has only been paid by one dividend over the last 60 years allowed the conglomerate to build its taxable income.

Surprise

The valuable investor, known for the long -term stock, also advertised its main investments.

“We have a small percentage of dozen or very large and very profitable businesses with home names such as Apple, American Express, Coca-Cola and Moody’s. Many of these companies get very high profitability for pure material capital,” He said.

Buffet continued to discuss the value of capitalismWhich, he said, has shortcomings and abuses, which “in certain relationships are now more outrage than if -anything”, but “can also make miracles, not by other economic systems.”

“True, our country in a nomination state sometimes borrowed abroad to supplement our own savings. But at the same time, we needed a lot of Americans to rescue, and then needed these depositors or other Americans to wisely deploy such a capital. If America Used everything she produced, the country would rotate the wheels. ”

Buffett Slams Regulates the load

“The American process has no It has always been beautiful – there were many villains and promoters in our country forever who seek to use those who mistakenly trust their savings. But even with such mutilation – which today remains in full force – as well as a lot of capital deployment, which eventually flew from fierce competition or devastating innovation, the savings of Americans provided the quantity and quality of production outside the dreams of any colonist. ”

“Only four million people are from the base – and despite the rigid internal war, early, having passed one American against another – America changed the world in the flashing of the heavenly eye,” Buffette wrote.

Buffett called on the federal government to conduct wisely and provide a stable currency. (Photo by Kevin Dietsch / Getty Images / Getty Images)

He explained that in ‘much A minor way ‘Berkshire shareholders participated in the American miracle give up the dividends. Initially, over time, it was “tiny, almost meaningless” reinvestment “.

“Berkshire’s activity is now affecting all corners of our country. And we have not finished. Companies are dying for many reasons, but unlike people’s fate, old age is not deadly. Berkshire today is much younger than it was in 1965,” ” -” He wrote.

“ThoughAs Charlie always admitted, Berkshire would not have achieved its results in any locality, except for America, while America would be all the success if Berkshire had never had. ”

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“So, thank you, Uncle Sam. If, if your nephews and nephews in Berkshire hope to send you more payments than we are in 2024. Spend this wisely. Take care of many who, without guilt, get short straws, get short Straws. required Both wisdom and vigilance on your part, “Buffette wrote.