Sharing Knowledge in Smallcaps

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Buffett's meticulously typed 1944 tax return shows he made good money from his own labor even when he was age-14. My guess is very few taxpayers, even adults, typed their tax documents.

"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 Quartz."

"The young Buffett was writing off all of his business-related expenses, including $10 for a watch repair and $35 of “Bicycle - Misc.”

https://www.entrepreneur.com/article/296555