Warren Buffett is Happy with the 15% Capital Gains Tax
Warren Buffett discussed his views on the new 15% corporate minimum tax rate and the inclusion of unrealized gains and losses in reported earnings for the purpose of calculating the tax rate. While he is unsure if including unrealized gains and losses in reported earnings would reduce the effect of some renewable energy tax incentives, he believes that corporations are not overtaxed in the United States and that the conversation about how the US loses out to the world due to taxes is nonsense. Additionally, he stated that he is not bothered by the new tax rate and that his company, Berkshire Hathaway, will figure out a way to pay it once they know the rules. Finally, he emphasized the importance of controlling spending in order to maintain a healthy economy.
