Warren Buffett’s cash pile soars. What it could mean for you. - News Summed Up

Warren Buffett’s cash pile soars. What it could mean for you.


As the Oracle of Omaha sits on this colossal pile of cash, the financial world is abuzz with speculation. So, if you think it's related to wars around the world, that’s best ruled out. Without diving into all the possibilities, it’s widely expected that US tax rates, particularly capital gains tax rates, may head higher. There’s even a proposal that capital gains tax for the wealthy should be paid on notional gains, not just realized gains. Buffett's growing stash and a warningThe question arises: What if the reason Buffett is building up cash is relevant to us as well?


Source: Mint August 05, 2024 16:21 UTC



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