Trump Taxes offer 29 Billion to Warren Buffett

Every year, the world's third-richest man pens a much-anticipated letter (pdf) to shareholders of his company, Berkshire Hathaway. This year, that letter opened with news that 2017 had proven far from normal.
Warren Buffett wrote that his multinational conglomerate could report $65.3 billion in gains of its net worth for the year. It's a number that sticks out like a sore thumb compared to gains from previous years.

There's one major reason 2017 looked like such a banner year when measured against the prior five years.


"A large portion of our gain did not come from anything we accomplished at Berkshire," Buffett assured shareholders. No, it was the Republican-led rewrite of the American tax code. As explained by Buffett, without the tax code