Buffett Says No Other Americans Would Have Had To Pay Even A Dime In Federal Taxes If This Had Happened

At Berkshire Hathaway's annual shareholder meeting, Warren Buffett discussed the company's tax contributions, revealing that Berkshire paid over $5 billion in federal taxes last year. He highlighted the significant tax rate reductions from 52% in the past to the current 21%. Buffett suggested that if similar tax contributions were made by 800 other companies, no other American would need to pay federal taxes. He also hinted at the possibility of future tax increases due to the U.S. government's large fiscal deficit and debt burden.