US_ Buffett Offers Advice to Trump on Government Spending After Paying $26.8 Billion in Tax

THE EPOCH TIMES

Buffett Offers Advice to Trump on Government Spending After Paying $26.8 Billion in Tax

Warren Buffett urged the administration to manage debt wisely and spend Berkshire’s record-breaking $26.8 billion tax payment responsibly.

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., on May 5, 2019. Nati Harnik/AP Photo

By Tom Ozimek
2/22/2025 Updated: 2/22/2025


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.

“To be precise, Berkshire last year made four payments to the IRS that totaled $26.8 billion,” Buffett wrote. “That’s about 5 percent of what all of corporate America paid. (In addition, we paid sizable amounts for income taxes to foreign governments and to 44 states.)”

Buffett attributed this staggering tax payment to Berkshire’s longstanding policy of reinvesting profits rather than issuing dividends. Since 1965, shareholders have received just one cash dividend—10 cents per share in 1967—allowing the company to compound its earnings and taxable income over six decades. As a result, Buffett said, Berkshire’s total tax payments to the U.S. Treasury now exceed $101 billion.

Buffett’s call to Uncle Sam to “spend wisely” comes at a time when the Trump administration is doubling down on spending cuts to rein in the United States’s growing public debt. As part of this effort, President Donald Trump has launched the Department of Government Efficiency (DOGE), tasking it with identifying waste, fraud, and abuse in federal spending.

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