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brooklynite

(94,520 posts) Sun Jul 25, 2021, 07:39 AM Jul 2021

Poll Taxes.....

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3 replies

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Poll Taxes..... (Original Post) brooklynite Jul 2021 OP

$55 wow underpants Jul 2021 #1

I remember the poll tax when I was growing up in Texas...but I couldn't vote anyway... CTyankee Jul 2021 #2

$55 seems high... MiHale Jul 2021 #3

underpants

(182,788 posts)

1. $55 wow

Reply to brooklynite (Original post)

Sun Jul 25, 2021, 07:46 AM

Jul 2021

That’s still a lot.

CTyankee

(63,912 posts)

2. I remember the poll tax when I was growing up in Texas...but I couldn't vote anyway...

Reply to brooklynite (Original post)

Sun Jul 25, 2021, 07:49 AM

Jul 2021

I was not 21 and the age wasn't lowered until later, when I was away in college...

MiHale

(9,721 posts)

3. $55 seems high...

Reply to brooklynite (Original post)

Sun Jul 25, 2021, 08:02 AM

Jul 2021

Here is another calculator

$1.50 in 1950 is equivalent in purchasing power to about $16.91 today, an increase of $15.41 over 71 years. The dollar had an average inflation rate of 3.47% per year between 1950 and today, producing a cumulative price increase of 1,027.37%.

This means that today's prices are 11.27 times higher than average prices since 1950, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 8.87% of what it could buy back then.

The 1950 inflation rate was 1.26%. The current year-over-year inflation rate (2020 to 2021) is now 5.39%1. If this number holds, $1.50 today will be equivalent in buying power to $1.58 next year. The current inflation rate page gives more detail on the latest inflation rates.

https://www.in2013dollars.com/us/inflation/1950?amount=1.50

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