Taxes In 1961, President Kennedy said that we should ask not what our country can do for us, but rather ask what we can do for our country. Last year we decided to give his suggestion a try—and who says it never hurts to ask? We were told to mail $860 million in income taxes to the U.S. Treasury. Here’s a little perspective on that figure: If an equal amount had been paid by only 2,000 other taxpayers, the government would have had a balanced budget in 1996 without needing a dime of taxes—income or Social Security or what have you—from any other American. Berkshire shareholders can truly say,
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