UrbanPro
true

Take CA Coaching from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

What did Albert Einstein say on income tax?

F
FR Prashanth Reddy
02/07/2017 0 0

Prime Minister Narendra Modi quoted Albert Einstein during his speech at the midnight launch of Goods and Services Tax. Mr. Modi said: “Einstein said if there is something in this world that is difficult to understand, it is income tax. I wonder what he would have said on seeing our multiple tax.”

So what is the story behind this quote?

According to Quote Investigator, a fact-checking blog, Einstein made this statement to his tax accountant Leo Mattersdorf. In a letter to Time magazine in 1963, eight years after Einstein’s death, Mattersdorf recalls the incident:

 

“One year while I was at his Princeton home preparing his return, Mrs. Einstein, who was then still living, asked me to stay for lunch. During the course of the meal, the professor turned to me and with his inimitable chuckle said: ‘The hardest thing in the world to understand is income taxes.’ I replied: ‘There is one thing more difficult, and that is your theory of relativity.’ ‘Oh, no,’ he replied, ‘that is easy.’ To which Mrs. Einstein commented, ‘Yes, for you.’”

Mattesdorfaccording Quote Investigator, was Einstein’s trusted tax adviser and that vouches for the authenticity of the quote. Plus, it also carries a letter from Mattesdorf’s grandson on his grandfather’s close association with the eminent physicist.

Down the years different versions of Einstein’s statement appeared in the media before it made its way into the Central Hall of the Indian Parliament.

 
0 Dislike
Follow 6

Please Enter a comment

Submit

Other Lessons for You


Introduction To Accounting: Part 18: Revenue Recognition Concept Or Realisation Concept
According to the Revenue Recognition Concept, revenue is considered to have been realised when a transaction has been entered into and the obligation to receive the amount has been established. It...


English (Fill In The Blank)
Question: 1. Even after a century of ____________ investigation, the relation of the solar cycle to terrestrial weather remains _____________. A. Meticulous, apparent B. Cursory, clear C. Sedulous, pertinent...

Most valuable learning tip - Keep mind fresh!
Before sitting to read, keep your mind fresh. Remove all unnecessary thoughts. Then only things will get register in mind!! All the best..
C

CA. CS. Mitali Trivedi

0 0
0
X

Looking for CA Coaching Classes?

The best tutors for CA Coaching Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take CA Coaching with the Best Tutors

The best Tutors for CA Coaching Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more