Check Out 14-Year-Old Warren Buffett’s 1944 Tax Returns
By 14, the Oracle of Omaha was making a profit, investing his money and paying taxes.
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Billionaire Warren Buffett‘s success began at a young age. In fact, the financial genius has been making an income, investing money and paying taxes since the ripe age of 14-years-old.
Related: 21 Surprising Facts About Warren Buffett
Buffett’s road to becoming one of the richest people in the world started in 1944, when Buffett was a paperboy in Washington, D.C. How do we know this? The billionaire investor recently shared his to PBS NewsHour, revealing how he began building his $75 billion net worth while he was still in school.
The returns show that Buffett was raking in $592.50 in annual income, and declaring $228 in interest and dividend income. Overall, he was paying $7 dollars in taxes. Today, that means 14-year-old Buffett was making $8,221.18 in income, and his investments in today’s dollars would be worth $3,163.59, according to .
Not only that, but the tax returns also demonstrate Buffett’s meticulous nature. The young Buffett was writing off all of his business-related expenses, including $10 for a watch repair and $35 of “Bicycle – Misc.”
Related: Warren Buffett’s 3 Top Pieces of Advice for Â鶹Éçs
While his tax returns today, which he during the presidential elections, look nothing like those from 73 years ago, it’s intriguing to see how Buffett got his start — take a look below.
Billionaire Warren Buffett‘s success began at a young age. In fact, the financial genius has been making an income, investing money and paying taxes since the ripe age of 14-years-old.
Related: 21 Surprising Facts About Warren Buffett
Buffett’s road to becoming one of the richest people in the world started in 1944, when Buffett was a paperboy in Washington, D.C. How do we know this? The billionaire investor recently shared his to PBS NewsHour, revealing how he began building his $75 billion net worth while he was still in school.
The returns show that Buffett was raking in $592.50 in annual income, and declaring $228 in interest and dividend income. Overall, he was paying $7 dollars in taxes. Today, that means 14-year-old Buffett was making $8,221.18 in income, and his investments in today’s dollars would be worth $3,163.59, according to .
Not only that, but the tax returns also demonstrate Buffett’s meticulous nature. The young Buffett was writing off all of his business-related expenses, including $10 for a watch repair and $35 of “Bicycle – Misc.”
Related: Warren Buffett’s 3 Top Pieces of Advice for Â鶹Éçs
While his tax returns today, which he during the presidential elections, look nothing like those from 73 years ago, it’s intriguing to see how Buffett got his start — take a look below.
