Reuters reported that Warren Buffett announced plans to give away more of his fortune after his death by converting $1.14 billion worth of shares in Berkshire Hathaway to donate to foundations, putting him ahead of the competition in philanthropy. This move showcases Buffett’s commitment to charitable giving and highlights his significant impact on the business and finance sector in the Americas. The decision to donate such a substantial amount of shares underscores the importance of corporate social responsibility and sets a precedent for other wealthy individuals to follow suit.
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President Trump Promised to End Social Security Benefit Taxes. Here's What Seniors Are Getting Instead
The White House announced a new senior tax deduction from the One Big, Beautiful Bill (OBBB) for the 2025 tax year, claiming it will exempt 88% of seniors on Social Security from owing taxes on their benefits, fulfilling a key promise from President Trump. However, experts caution that while the deduction may assist some seniors, it does not eliminate taxes on benefits entirely, warranting a deeper understanding of its implications. Want More Context? 🔎
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