2.3.09

All dollars aren't equal

Can we agree that inflation reduces the value of a dollar. I don't want to debate the fine details. Here is a taxpayer funded CPI Calculator.

Let's consider an example. One dollar ten years ago, 1999, is worth seventy-nine cents today. 1999:$1.00 = 2009:$0.79

For the fiscal year ended June 30, 1999 Jackson's share of generated sales taxes, also referred to as the diversion, was $37,285,094.86.

Now, for the fiscal year ended June 30, 2008 Jackson's share of the diversion was $35,529,581.90.

See the problem?

Seja o primeiro a comentar

Post a Comment

/
/
/
/

  ©JackCUDA 2009.

TOPO