66 years ago
a 14 year boy
filed an income tax
of $7 !
not just that,
he had deducted
the cost of his wrist watch
and bicycle
as
business expenses!!!
even this boy
knew
that in job
first you pay income tax
and then bear all the expenses
whereas
in self-employment
you deduct all expenses
from gross profit
and pay tax
on the leftover!
--
the boy?
warren buffet!
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