Quote Originally Posted by boaz
of course, $3,000 in 1913 is about the same as $75,000 today because that dollar issued in 1913 is only worth 4 cents today.
wrong! I had to do the math but I had no idea how off I was. ^ this was some numbers I pulled out of . the air based on numbers from 2007. Have we had much inflation since then? Well ... according the wiki.answers.com, the price of one ounce of gold in 1912 was $20.67 US. This morning one ounce of gold is trading at around $1,650 US. so, according to my math .. :stoned: that $3,000 a year in income in 1913 would be about the same as $240,000 a year in todays US dollar currency. That would put you into the 1% bracket on the original 1913 federal income tax form, that is you would need to pay 1% in federal income taxes for every dollar over $240K per year. Every dollar you made over $40 Million in todays dollars, less allowed deductions, would be subject to additional surtax of around 5%.

Here is a compromise. We return to original 1913 tax bracket percentage so everyone making under $250K a year would pay no federal taxes at all, no payroll deductions and no forms to fill out or any of that bullshit. seems fair to me.

I am watching some of these protests and while I do support free speech and all that it is disheartening to hear some of the anti semetic comments about "zionists" and such. that is really uncalled for and sad to see. Zionism is a religous belief that many Christians share, too. It is probably just a few people but it makes everyone look bad that is there. its like you try to come together with all your brothers and sisters and some jokester has to show up and ruin it for everyone.

To me, protesting wall street in NY is kinda like protesting at a crack dealers house. What really needs to be done is to force Congress to end their addiction to printing money with their banker buddies.

Congressman Paul has some very interesting ideas on how to do this I am learning. I think he talks about competing currencies, etc. and I've heard others talk about "bit coins" that seems interesting to me. I guess if someone cashed in their pay check for gold as soon as they got it then one have there own personal gold standard but easier said than done.