Subject: Re: brk weakness caused by ,
hc: It looks like he has now decided to pay 50 BILLION or so in taxes on realized gains in 2024.
...
This number looks way high. How are you calculating this capital gains tax bill?

jim: The taxable amount is in the statements.
"Our sales of equity securities produced taxable gains of $59.6 billion in the second quarter and $73.7 billion in the first six months of 2024"


The difference is between 'taxable gains' and 'taxes on gains'. The latter is now up to about $74b, and may presumably go higher, and the former is about 21% of $74b, i.e. $15.5b, and will also go higher, by the end of the year, although I think it is very unlikely that it will ever get to $50b.

$50b in capital gains taxes would imply another $90.6 in GAINS beyond the $73.7b in the first half of the year. Selling all the remaining Apple shares (something Buffett has said he wouldn't do) would 'only' generate another $15.8b in capital gains, taxes, for instance.

dtb