Izzy owned a small deli in Stamford Hill, London. One day, a tax inspector knocked on his door and questioned him about his recent tax return. Izzy had reported a net profit of $250,000 for the year and he wanted more information. Izzy explained, "I work like a maniac all year round, and my family helps whenever they can. My deli is closed only five days a year. That’s how I made $250,000."
"It's not your income that bothers us," said the taxman. "It's the business travel deductions of $80,000 that worries us. You entered on the tax return that you and your wife made 28 business trips to Israel, Italy, Switzerland, France, the USA, Hawaii, and the Caribbean Islands. Why all those trips?"
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