Warren Buffett’s first tax bill at age 14 was $7. Now Berkshire Hathaway’s is almost $27 billion—and he still says the rich don’t pay enough

Warren Buffett’s first tax return filed at age 14 in 1944 was only $7 on earnings of $592.50 from delivering newspapers in Washington D.C. Today, his company Berkshire Hathaway paid $26.8 billion in taxes in 2024, the highest amount ever paid by a company to the U.S. government. Despite a personal fortune of $142 billion, Buffett has long argued that the rich don’t pay enough in taxes, pointing out that he pays a lower effective tax rate than his own secretary. Before he took control in 1965, Berkshire Hathaway paid no income tax, which he called ‘an embarrassment.’

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