Warren Buffett on Taxes

800 x 5 billion = 4 trillion. In 2019, for example, Americans paid $1.6 trillion in personal income taxes. I believe Buffett is saying that with all the other federal taxes -- social security taxes, estate taxes, etc. -- would total approximately $4 trillion. Some of the comments to this post on Twitter seemed to have the idea that Buffett was saying $4 trillion would cover the operating expenses of the U.S., pay off the national debt, et cetera -- he's not saying that.

Exactly!

A billionaire finally said it.

If 800 of the wealthiest corporations/billionaires paid $5 billion in taxes, the working class wouldn’t have to pay a dime, and our debt would get paid off.

Do you believe us now?

Please share this.https://t.co/cNoPs11gVU pic.twitter.com/aWfR6sGpqe

— Tambrei Cash for GA-9 (@cash4ga) June 15, 2024