President Donald Trump and Warren Buffett. Scott Olson / Getty Images; CBS News President Donald Trump claimed in 2016 that Warren Buffett used past business losses to reduce his federal income tax bill. Billionaire investors responded that they have paid federal income tax every year since 1944 and have contributed …
Read More »Trump accused Buffett of making “massive” tax cuts in 2016. The future president paid only 50,750 in federal income tax that year.
