Holding Stocks Forever Has Its Perks
Warren Buffett avoids paying tax bills by buying and holding it. He only has to pay capital gains taxes once he sell. So if he never and lock in his earnings. He can save a fortune on footing his tax bill.
Of course, it’s wise to realize that Berkshire Hathaway is eventually going to have to pay taxes on those gains. It’s going to happen. Eventually. But for an indefinite period of time of Buffett and company’s choosing, while compounding money quicker all at the same time, the business will be able to delay paying their tax bill.
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