Posts Tagged ‘audit’

Polly Toynbee: Happiness GDP

Posted by admin on Monday, February 8, 2021

Polly Toynbee Money Quote saying Is it possible to measure happiness the way we measure economic performance? Polly Toynbee said:
 
audit the progress of national happiness annually, just as we monitor money and GDP Quote
 

“Could a government dare to set out with happiness as its goal? Now that there are accepted scientific proofs, it would be easy to audit the progress of national happiness annually, just as we monitor money and GDP” — Polly Toynbee

 

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In this quote, Polly Toynbee seems to be advocating for governments to prioritize citizens’ well-being and happiness rather than solely focusing on economic indicators like GDP (Gross Domestic Product) and monetary policy. By asking if a government could dare to pursue happiness as its goal, and monitoring national happiness annually as GDP is tracked, Toynbee implies well-being should be a central metric of policy success.

The quote conveys Toynbee’s perspective that given scientific understanding of happiness, governments could and should place greater emphasis on improving people’s quality of life and mental health through social programs in addition to growing the economy. Overall, she appears to argue for a more holistic approach that considers societal welfare, not just financial outputs, as governments define and measure progress.

Northrop Frye: Canadians Audit Money

Posted by admin on Sunday, November 19, 2017

Northrop Frye Money Quote saying Canadian accountants are revered more in their country than rich Americans that like to make money are in theirs. Northrop Frye said:
 
Americans like to make money; Canadians like to audit it. Accountant social status Quote
 

“Americans like to make money; Canadians like to audit it. I know no other country where accountants have a higher social and moral status” — Northrop Frye

 

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In this quote, Northrop Frye appears to be drawing a humorous distinction between American and Canadian attitudes towards money. He suggests that while Americans enjoy actively earning and accumulating wealth, Canadians take more pleasure in carefully tracking and auditing financial accounts.

Frye also contends that accountants have greater respect and esteem in Canadian society due to this valuation of fiscal responsibility and oversight.

The best interpretation is that Frye was jokingly commenting on a perceived cultural difference, with Americans viewed as more profit-driven and Canadians seen as more meticulous when it comes to money management and financial record-keeping.

#NationalBeanCounterDay April 16th

 

Donald Trump: Tax Return Returns

Posted by admin on Sunday, April 16, 2017

Donald Trump Money Quotes collection saying he doesn’t understand why American public wants him to keep his word from campaign trail promise to release his taxes. Featured on the $100 Dollar Bill is Donald Trump tweeting in 2016 & a year later in 2017:
 
In interview I told AP that my taxes are under routine audit and I would release my tax returns when audit is complete, not after election! Quote
 

“In interview I told AP that my taxes are under routine audit and I would release my tax returns when audit is complete, not after election!” May 11, 2016 During Presidential Election Campaign
 
“I did what was an almost an impossible thing to do for a Republican-easily won the Electoral College! Now Tax Returns are brought up again?” April 16, 2017 following #TaxMarch — Donald Trump

 

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In these quotes, Donald Trump provides justifications for not releasing his tax returns during the 2016 election and after becoming President in 2017. Some key points in interpreting them:

  • In 2016, he cited an ongoing IRS audit as the reason, implying release would only come after its completion. However, audits do not preclude release.
  • In 2017, he touts his Electoral College victory while dismissing renewed calls for disclosure as unwarranted given he already won.
  • However, tax returns provide transparency and every major party nominee has released them for decades, so his refusal fueled speculation.
  • While defending his own choice, he does not address the legitimacy of public interest in a candidate’s potential conflicts of interest, business ties, effective tax rate, and charitable donations.

Overall, these quotes reflect Trump’s perspective on the matter but a balanced interpretation would also acknowledge the viewpoints of those arguing tax returns offer important insights into presidential candidates’ financial situation and are relevant to voters, even if their release is not technically mandatory. Reasonable people can disagree on this issue.

 

Jay Leno: IRS Red Flags

Posted by admin on Monday, April 11, 2011

Jay Leno Money Quotation saying the only way to avoid paying taxes as an individual is to avoid having any income, savings, investments or inheritance. Jay Leno said:
 
IRS Audit red flag - you have some money left after paying taxes Quote
 

“Worried about an IRS audit? Avoid what’s called a red flag. That’s something the IRS always looks for. For example, say you have some money left in your bank account after paying taxes. That’s a red flag” — Jay Leno

 

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In this quote, Jay Leno is using sarcasm and exaggeration to jokingly comment on IRS audits and what might trigger added scrutiny from the tax agency. Specifically:

  • He notes that taxpayers should try avoiding “red flags” that could lead to an audit, giving humorous advice.
  • Leno then provides an example of something that would supposedly raise alarms
  • having any money remaining in one’s bank account after paying taxes.

Of course, it’s unrealistic to expect account balances of zero after filing. This was an absurd suggestion purely intended as a joke.

The overall message is that Leno aims to amuse by portraying the IRS as so zealously auditing even the most normal financial activities. Though exaggerated for comedy, it acknowledges taxpayers’ underlying concerns about attracting IRS attention or suspicion. As with his other economic jokes, Leno shines a lighthearted perspective on such issues.

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