Berkshire Hathaway reported document annual earnings Saturday as its Chairman and CEO Warren Buffett warned Washington in his annual letter to shareholders to spend the firm’s tax {dollars} properly — and keep in mind those that get the “quick straws in life.”
Buffet’s conglomerate paid $26.8 billion in tax final yr, the letter reveals.
“Uncle Sam … spend it properly. Spend it properly. Handle the various who, for no fault of their very own, get the quick straws in life. They deserve higher. Always remember that we want you to keep up a steady forex and that consequence requires each knowledge and vigilance in your half,” wrote Buffet.
“I assumed actually in a really refined method that was a strong message,” mentioned CFRA Analysis analyst Cathy Seifert.
Working earnings for 2024 have been up 70% from 2023.
Berkshire now holds a document $334.2 billion money, after promoting off a lot of its Apple and Financial institution of America inventory previously yr — virtually double what it had a yr in the past.
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