The IRS sent back my tax return saying I owed $800. I said, 'If you'll notice, I sent a paper clip with my return. Given what you've been paying for things lately, that should more than make up the difference.'
About this quote
- What does it mean?
- The speaker argues a paper clip's value offsets a tax debt based on current inflation.
- In plain terms
- I sent a paper clip with my taxes to offset the debt.
- What can you take from it?
- Inflation can devalue currency to absurd degrees.
Where it applies
Putting it to work
Questions to consider
- How has inflation affected your spending?
- When does value become meaningless?
Another view
The argument ignores legal requirements for tax payments.
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