Quote by Source Unknown

Today's dime is really a dollar with all the taxes deducted.

Today's dime is really a dollar with all the taxes deducted.

Summary

This quote suggests that due to the various taxes imposed on income and goods, the actual value of money has decreased significantly. It implies that what may seem like a small amount of money (a dime) in the present is actually worth much more (a dollar) before considering the tax deductions. In essence, it emphasizes the impact of taxes on the purchasing power and perceived value of currency in modern society.

Topics

Taxation

By Source Unknown

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