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  • Pinecone

    Ultimate Member
    MDS Supporter
    Feb 4, 2013
    28,175
    Let's see. Back in 1909, average wage were 22 cents per HOUR.

    So that $1.50 was about 6.8 hours of work. Or a more than a day after things like taxes.

    So, how much do you make per day?
     

    Bob A

    όυ φροντισ
    MDS Supporter
    Patriot Picket
    Nov 11, 2009
    30,908
    Let's see. Back in 1909, average wage were 22 cents per HOUR.

    So that $1.50 was about 6.8 hours of work. Or a more than a day after things like taxes.

    So, how much do you make per day?

    No Fed income tax until 1913. I dunno about state.

    Inflation calculators tell me $1.50 is about $40 today.
     

    Pinecone

    Ultimate Member
    MDS Supporter
    Feb 4, 2013
    28,175
    No Fed income tax until 1913. I dunno about state.

    Inflation calculators tell me $1.50 is about $40 today.

    Really?

    In order to help pay for its war effort in the American Civil War, Congress imposed its first personal income tax in 1861.

    In 1894, Democrats in Congress passed the Wilson-Gorman tariff, which imposed the first peacetime income tax.

    1913 was the passage of the 16th Amendment.

    Hmm, I was basing it on hourly wage. So the inflation calculator seems to think that people these days make about $50 per day.
     

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