Berkshire Hathaway Could Pay $15 Billion in Taxes on Apple Stock Sale
Advisors with clients afraid to sell a stock because they don’t want a big capital-gains tax bill can share Warren Buffett’s example of not letting the tax tail wag the dog. Berkshire Hathaway sold stock in Apple despite the fact it would generate about $15 billion of tax payments, Barron’s estimates. Corporations like individuals need to pay taxes on the sale of appreciated securities.