Jay Leno: IRS Red Flags
on Monday, April 11, 2011Jay 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:
“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
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.