Taxes

wolf · 09-26-2008, 01:25 AM

I get some email newsletters that I'm sometimes behind on reading. I had a few spare minutes tonight to chew through some of my backlog, and I found this gem, an original 1040 form.

I sent it out to someone who was curious enough to do the math ...

The income level at which taxation began was $20,000. At the time, at least according to him, the average income was somewhere down around $1,000.

$20,000 is 1,000 gold double eagles. A double eagle contains 0.96750 ounce of gold.

At current gold prices, that would be equivalent to close to $850,000 in 2008 fiat currency.

09-26-2008, 01:25 AM	#1
wolf lobber of scimitars Join Date: Jul 2001 Location: Phila Burbs Posts: 20,774	Taxes I get some email newsletters that I'm sometimes behind on reading. I had a few spare minutes tonight to chew through some of my backlog, and I found this gem, an original 1040 form. I sent it out to someone who was curious enough to do the math ... The income level at which taxation began was $20,000. At the time, at least according to him, the average income was somewhere down around $1,000. $20,000 is 1,000 gold double eagles. A double eagle contains 0.96750 ounce of gold. At current gold prices, that would be equivalent to close to $850,000 in 2008 fiat currency. __________________ wolf eht htiw og "Conspiracies are the norm, not the exception." --G. Edward Griffin The Creature from Jekyll Island High Priestess of the Church of the Whale Penis

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