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Re: Re: Okay....
in one word...inflation
What cost $1000 in 1959 would cost $5889.71 in 2001.
Also, if you were to buy exactly the same products in 2001 and 1959, they would cost you $1000 and $169.79 respectively.
In 1959, the average annual income: $5,016. Average price of a new car:$2,250. Average price of a new house: $12,400. Cost of a loaf of bread: 20 cents. Cost of a gallon of gas: 25 cents. The minimum wage:$1 an hour.
Yes, gone are the days of "Leave It To Beaver" when even the milkman had a cabin at the lake, two cars, and could afford for his wife to choose to stay home to raise their 3 kids. And those kids didnt have to worry about getting shot at school.
Oh, and let's not forget the most important one...TAXES!!!
Washington, D.C., April 10, 2002 - America can celebrate Tax Freedom Day on April 27, 2002. That is two days earlier than in 2001 and four days earlier than in 2000. Tax freedom day is the day that the average American can stop working for the gov't and start working to put money into their own pockets.
The number of days that the average American must work to pay taxes can be compared to the price of other important categories of consumer spending. Americans will work longer to pay for government (117 days) than they will for food, clothing, and shelter combined (106 days).
The tax burden borne by different states varies considerably, not only because residents of different states face different state and local taxes, but also because they pay dissimilar federal taxes.
Connecticut’s total tax burden is the heaviest among the 50 states, so taxpayers there can’t celebrate Tax Freedom Day until May 14. Outside Connecticut and Washington, DC, where Tax Freedom Day is May 17, residents of the State of Washington work the longest for taxes—until May 9. New York (May 6), New Jersey (May 5), and Wyoming (May 4) round out the top five states.
At the other end of the tax burden spectrum are states with comparatively early Tax Freedom Days. Alaska’s is the earliest, April 8, and Oklahoma is next with a Tax Freedom Day on the tax filing deadline, April 15. Three states will celebrate Tax Freedom Day on the 16th of April: West Virginia, Tennessee and Alabama.
FreakMonster said:
in one word...inflation
What cost $1000 in 1959 would cost $5889.71 in 2001.
Also, if you were to buy exactly the same products in 2001 and 1959, they would cost you $1000 and $169.79 respectively.
In 1959, the average annual income: $5,016. Average price of a new car:$2,250. Average price of a new house: $12,400. Cost of a loaf of bread: 20 cents. Cost of a gallon of gas: 25 cents. The minimum wage:$1 an hour.
Yes, gone are the days of "Leave It To Beaver" when even the milkman had a cabin at the lake, two cars, and could afford for his wife to choose to stay home to raise their 3 kids. And those kids didnt have to worry about getting shot at school.
Oh, and let's not forget the most important one...TAXES!!!
Washington, D.C., April 10, 2002 - America can celebrate Tax Freedom Day on April 27, 2002. That is two days earlier than in 2001 and four days earlier than in 2000. Tax freedom day is the day that the average American can stop working for the gov't and start working to put money into their own pockets.
The number of days that the average American must work to pay taxes can be compared to the price of other important categories of consumer spending. Americans will work longer to pay for government (117 days) than they will for food, clothing, and shelter combined (106 days).
The tax burden borne by different states varies considerably, not only because residents of different states face different state and local taxes, but also because they pay dissimilar federal taxes.
Connecticut’s total tax burden is the heaviest among the 50 states, so taxpayers there can’t celebrate Tax Freedom Day until May 14. Outside Connecticut and Washington, DC, where Tax Freedom Day is May 17, residents of the State of Washington work the longest for taxes—until May 9. New York (May 6), New Jersey (May 5), and Wyoming (May 4) round out the top five states.
At the other end of the tax burden spectrum are states with comparatively early Tax Freedom Days. Alaska’s is the earliest, April 8, and Oklahoma is next with a Tax Freedom Day on the tax filing deadline, April 15. Three states will celebrate Tax Freedom Day on the 16th of April: West Virginia, Tennessee and Alabama.
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