Firm Profile Part 2

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On October 10, 2016, after a reference to him in the second presidential debate, Buffett released his own tax return. He stated he had paid $1.85 million in federal earnings taxes in 2015 on an adjusted gross earnings of $11.6 million, that means he had an efficient federal earnings tax rate of round sixteen %. Buffett additionally said he had made more than $2.eight billion price of donations last year. In addition to political contributions over the years, Buffett endorsed and made marketing campaign contributions to Barack Obama’s presidential marketing campaign. On July 2, 2008, Buffett attended a $28,500 per plate fundraiser for Obama’s marketing campaign in Chicago. Buffett intimated that John McCain’s views on social justice were so far from his personal that McCain would want a “lobotomy” for Buffett to change his endorsement.

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