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05-05-24 savo
| so what is pana talking about? :-) ? |
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05-05-24 carib
| Berkshire, obviously, pays corporate taxes, not personal taxes. |
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05-05-24 carib
| Savo: that is for personal taxation, not corporate taxation.For corps, in the US, federal tax is 21%.. but effective taxation is a fraction of that, because of amortisations, depreciations and many other facilities offered by the tax code. |
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05-05-24 savo
carib..i think pana is referring to this:
Long-term capital gains tax
A long-term capital gains tax is a tax on profits from the sale of an asset held for more than a year. The rates are 0%, 15% or 20%, depending on your taxable income and filing status. The IRS says most people pay no more than 15% on their long-term capital gain.
Short-term capital gains tax
A short-term capital gains tax is a tax on profits from the sale of an asset held for one year or less. Short-term capital gains are taxed according to ordinary income tax brackets: 10%, 12%, 22%, 24%, 32%, 35% or 37%. |
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05-05-24 carib
Panas: I am no expert on US corporate taxation.. but I think there is no separate 21% tax on cap gains, just the ordinary nominal tax rate is 21% on corporate income, with the actual rate being much lower.
If Trump wins, rate might get lower rather than higher. If Biden gets re-elected, I doubt he has enough votes in the senate to increase the rate.
WB just thinks it is prudent to keep close to 200B in short term treasuries paying more than 5%, waiting for future opportunities, IMHO.
end of comment. |
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05-05-24 panasonic
| Carib, according to WB they reduced Apple shares bcz don't see taxes on long term cap gains @21% has much time left. |
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05-04-24 carib
Berkshire Hathaway’s cash pile swelled to a record $189bn in the first quarter of 2024 as Warren Buffett’s sprawling conglomerate continued to dump stocks, including Apple, one of its largest positions.
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05-04-24 savo
| https://www.reuters.com/markets/commodities/heavy-oil-shortage-spells-higher-cost-shippers-road-builders-2024-05-03/ |
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