Wednesday, July 06, 2011

How did the government fund itself before the income tax of 1913? - Yahoo! Answers

How did the government fund itself before the income tax of 1913? - Yahoo! Answers
The buying power of a dollar in 1913 would be almost $22 today, according to the Bureau of Labor StatisticsConsumer Price Index inflation calculator.
Which means that the dollar has dropped in value by 95 percent since then.

SHOCKING,..and that's putting it mildly.

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