Berkshire Hathaway's Tax Bill

Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) paid a $3.3 billion tax bill in 2003. This amounts to about 3% of the total taxes paid by all corporations in 2003.

In 1988 corporations average tax rate for large companies was 26.5%, by 2003 the rate had dropped to 17.2%. According to the Government Accountability Office, 61% of companies have used tax loopholes and managed to avoid paying any taxes from 1996 to 2000.