Warren Buffett：Berkshire Hathaway 2018 Letter, Additional Excerpt 2

Last year, however, 40% of the government’s “ownership” (14/35ths) was returned to Berkshire – free of charge – when the corporate tax rate was reduced to 21%. Consequently, our “A” and “B” shareholders received a major boost in the earnings attributable to their shares.

Source： https://www.berkshirehathaway.com/letters/2018ltr.pdf
Locator：2018 Chairman's Letter, additional excerpt 2 · Verified：2026-10-19 · Verification：Short excerpt

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