In his annual letter to shareholders, Warren Buffett reflected on Berkshire Hathaway’s successes over the past year while offering the Trump administration some advice on responsible stewardship of the U.S. economy.
“Thank you, Uncle Sam. Someday your nieces and nephews at Berkshire hope to send you even larger payments than we did in 2024. Spend it wisely,” Buffett wrote in the Feb. 22 letter.
He highlighted Berkshire Hathaway’s tax contributions as a testament to its growth, contrasting its zero-income tax payments before his 1965 takeover with the record-breaking $26.8 billion it paid to the Internal Revenue Service (IRS) last year. This sum, he noted, was more than any U.S. company—including trillion-dollar tech giants—had ever contributed to corporate income tax….