I closed a deal. After taxes and expenses, I was left with 6,971 ILS in hand.
"How great," I thought to myself, "maybe I'll buy that MacBook I've always wanted but absolutely don't need."
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The next day, my accountant called.
"I'm filing your annual report — you have National Insurance advance payment gaps of 3,883 ILS and income tax gaps of 1,298 ILS."
"Okay," I sighed.
6,971 - 3,883 - 1,298 = 1,790 ILS left.
The day after, she called again.
"Your annual report is ready. The filing fee is 1,770 ILS plus VAT."
"Thank you very much," I said.
20 ILS left.
I put it in the S&P 500, hoping it will grow back to 6,971 ILS in another 50 years.
If inflation isn't too brutal, it should be just enough to buy my grandchildren a pizza.
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And that, my friends, is the whole story of self-employment in Israel.