Fact Check: Did Buffett Really Say If Billionaires Paid Their Share, No One Else Would Have To?

By Bo Beard | May 17, 2024

Alleviate the burden

In May 2024, American billionaire investor Warren Buffett remarked, "If you don't like paying taxes, make billionaires pay their fair share and you would never have to pay taxes again."
 

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A video circulating on Reddit on May 13, 2024, showcased Warren Buffett stating that if billionaires paid their taxes fairly, it could alleviate the burden on others. The posts have gone viral on social media.
 

The full transcript

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However, a closer look at the full transcript is providing more context. Buffett wasn't talking about billionaires paying their fair share in taxes. However, he did say that the top 800 in the U.S. companies should pay their taxes and argued that if they did, no other person would have to pay federal taxes, including income or estate taxes or social security.