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Warren Buffett predicts feds will raise taxes to get massive fiscal deficit under control https://t.co/tVyDKuMS4n https://t.co/RdbHFCTigi
Warren Buffett said he expects the U.S. government to increase taxes to tackle widening fiscal deficits rather than reduce spending. "I think higher taxes are likely." https://t.co/PBbaeyLGJI
On Berkshire Hathaway $BRK.B selling some Apple $AAPL shares for fear of a higher tax rate If you have an investment of $100 with a cost of $20 (BRK has 5x its $money on AAPL), and the tax rate will go up from 21% to 35%, then this is worth doing even if you buy the shares back…
Warren Buffett, the chairman of Berkshire Hathaway, has expressed his expectation that the U.S. government will likely increase corporate taxes to address the country's widening fiscal deficit. He stated, 'With present fiscal policies, I think that something has to give. I think higher taxes are quite likely.' This anticipation of higher taxes has influenced his decision to sell some of Berkshire Hathaway's shares in Apple, citing the potential tax increase from the current 21% to 35% as a significant factor, especially considering Berkshire's substantial investment in Apple, where the cost basis is notably lower than the current market value.
