Warren Buffett predicts ‘higher taxes are likely' since the national debt won't pay for itself [Fortune]
S&P Global Inc. (SPGI)
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Source: Fortune
When asked at Saturday's annual shareholder meeting why he sold 115 million shares of Apple over the past quarter, the ‘Oracle of Omaha' predicted companies like his could find themselves handing more of their earnings to Uncle Sam. And he for one is fine with the idea. “With present fiscal policies, I think something has to give. And I think higher taxes are quite likely,” he said, lecturing other companies for constantly scrutinizing the tax code for the smallest loopholes that can reduce their tax burden. Under the Trump administration, the statutory rate for corporations was reduced to 21% in 2017 from a previous 35% and Buffett recalled it has been much higher in the past. “They may decide that someday they don't want the fiscal deficit to be this large, because that has some important consequences and they may not want to decrease spending a lot and they may decide they'll take a larger percentage of what we earn, and we'll pay it,” he said during his first shareholder me
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- 4/26/24 - Miss
SPGI
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- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- SPGI's page on the SEC website