Warren Buffett: No one would owe 'a dime' of federal taxes if other companies paid fair share
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- Опубликовано: 3 май 2024
- Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Watch the full coverage of Berkshire Hathaway annual shareholders meeting on www.cnbc.com/.
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Have been laid off since last summer and still owed way more than I thought when filing this year. Just shows how unfair things are.
Like this message if you miss Charlie 😇
If there were 800 bigger companies than Berkshire in the US, this would make sense. There are 7.
Did you not just hear one of the richest men in the U.S say otherwise?
He didn't say 800 companies bigger than Berkshire. He said, "If 800 other companies did the same thing...".
Then Tax Corporations at 25 to 30% on all net profits and eliminate all other Federal Income taxes! Do it!
If the companies pay more in taxes, the theory is they will raise prices. But if I don't have to pay any federal income tax or Social Security or Medicare tax, that would be a sizable raise for me. I could afford higher prices. Plus, companies can only raise prices so much before consumers cut their spending and make do with what they have vs. getting the newest shiny toy. Additionally, I would have more control over my finances. I control what I buy vs. the government taking taxes from me. I'm pretty sure I would come out ahead on this deal.
In reality, with lower taxes, they raise prices, and with higher taxes they also raise prices. They don't care about passing on savings, they are just maximizing profit regardless.
@@polarbearliveryep. Blood from a stone as they say.
Corporate RESPONSIBILITY!!! ENOUGH!
And that’s why we’re poor and desperate as a country.
The title of video is incorrect. He never used the words "fair share".
No, but he implied it. In previous sentences, he mentioned their companies paying the expected tax rate and that they would gladly pay it, which came out to 5 billion dollars. He then said, "If 800 other companies did the same thing...".
because a billionaire would never lie. what exactly is considered "fair share" ?
why do you think he's lying if you don't even know what he means by "fair share"?
@@mstar7520 lol i love seeing going quiet when they can't explain what they mean.
The Super Bowl for investors!
Romans 13:7-8 (NKJV)
[7] Render therefore to all their due: taxes to whom taxes are due, customs to whom customs, fear to whom fear, honor to whom honor.
[8] Owe no one anything except to love one another, for he who loves another has fulfilled the law.
Berkshire gets it money from the consumer. Either paying the taxes directly to the IRS or paying to Berkshire indirectly either way you are paying the tax.😢
In my opinion paying one’s fair share of taxes is much more patriotic than flying the flag. One is essential while the other is appropriate.
To ALL of the companies and shareholders who think that laying off, terminating, and cheating your workers aka potential customers is a good idea, you're FIRED. Fired from our cupboards, our driveways, or entire ecosystems. Do you really think or expect that CEO, CFO, or whatever title(s) these people you pay these huge bonuses out to are going to patronize your business? No, often they get perks, free products, or discounted goods/services so they save or spend their money elsewhere. You cheated and are screwing a large part of your customer base being your own employees and hard workers. We drive the economy NOT the rich million dollar bonus getting heads you appoint. We invest our hard earned money into the products we make which keep you in business. When we lose YOU LOSE TOO! I've yet to see any business stay in business without customers. How do you expect to sell goods to a public who CANNOT afford them especially in today's economy???? This isn't rocket science. Your businesses are sinking ships due to your corporate greed, poor practices, and foolish choices. This is far from over. Honestly IT HAS ONLY JUST BEGUN! Bring back mom and pop businesses and let's better our OWN communities. The only help we need is to help ourselves. Corporate GREED isn't the American dream. DEMAND BETTER!
we all have our own value systems and take on worldview, irreverence as amusing as use throw one time disposables, this is the one of those industries who also revel in it.. doesn't add up in anything except nobody wears clothes which are shown its just for some glamor show and spending monies that's all those "Black tie monies.. I have written spoofs on that also...
If I understood that right, he said Berkshire only paid 5 billion in taxes in a YEAR. Congress spends that in a matter of minutes! He also said that they pay at 21%. As much as they’re making why aren’t they way above a 33% tax bracket?
The corporate tax rate is 21% flat rate.
$5 billion x 800 is 4 trillion. Almost Enough to cover 4.9 trillion government tax revenue.
Yeah at any given year 50+ big name corporations usually don't pay any taxes by utilizing tricky profit sheltering techniques. Which is unfortunately extremely legal. So they can bring in billions in revenue. Pay the board and CEO millions for their best year ever, yet zero dollars owed to the government. Policies have to change, not tax %.
Problem with this is, when the government makes more money, it usually spends more money too
Why would anyone pay 30% of their income (we regular employees do). No individual or corporation should pay 30% of their income or profit. Government needs to stop foreign aid. Cut these loop hole for large companies and have a fixed percentage of taxes that all business, big or small pay. Big business will pay more but percentage needs to be the same. For individual under a certain amount (which should be raised) no taxes, above a certain amount same percentage.
Almost all of the federal budget is social security, medicare, and other welfare spending. Foreign aid is a miniscule amount compared to old people.
I thought Buffet was smater than this.
Well, he's infinitely smarter than you, that's for sure. The word is s-m-a-r-t by the way.
Higher taxes for the middle class but he has loop holes. He is so đishonest.
Warren Buffett Allegedly Said if Billionaires Paid Fair Share, No One Else Would Have to Pay Taxes Again. America just think about what Warren Buffett just said, No one else here would have to pay taxes, which would be a stronger America, people could live better, young couples could get Married and have at lease 3 kids and the family Situation would be a lot better. pricing of goods could be less and people would be able to buy more driving prices down on every thing, we would have less crime cause their would be more jobs for the criminals we have out here and with that less robberies and car jackings cause Americans would have more monies because our Rich people would be paying their fair share of taxes WOW, and whats sad about that is these same people used our tax paying systems to get rich, over charging Americans on goods and services and they don't give a dam, thats the reason we need regulations and laws all over the place, so If I were President, I would pass a law the made sure all Rich people would pay their fare share of taxes cause it would be good the Nation and its people's. It would make our nation a better and stronger place to live making us the the true envy of the World.