In the latest
Shareholder Letter of Berkshire Hathaway
$BRK.A $BRKB, Warren Buffett touches on a very interesting fact which has remained a little big neglected by the general audience.
For the period between 2012-21 (more or less 10 years), Berkshire has paid
$32 billion for federal income tax. This number is higher than the market cap of more than 50% of the publicly listed companies constituents in the S&P 500
$SPY (valuations as of today).
Also, to even better put this number into perspective by comparing it on a relative basis, a few well know companies have a similar market cap more or less equal to the sum paid from Berkshire on these taxes:
- United Rental $URI at $32.93b
- Kroger $KR at $32.76b
- Baker Hughes $BKR at $32.37b
- Aptiv $APTV at $32.21b
- PPG Industries $PPG at $32.13b
- Consolidated Edison $ED at $32.05b
- Brown-Forman $BF.B at $32.04b
- Cognizant Technology Solutions $CTSH at 31.88b
- LyondellBasell Industries $LYB at $31.68b
- D.R. Horton $DHI at $31.57b
- AmerisourceBergen $ABC at $31.46b
- Electronic Arts $EA at $31.13b
- State Street $STT at $31.06b
- Walgreens Boots Aliance $WBA at $30.90b
- Digital Reality Trust $DLR at $30.89b
Source: Berkshire Hathaway AR 2022