A hundred years ago no one ever heard of "sales tax" and no one paid income taxes. 50 years ago sales tax RATES where usually 1% or less. The innerstate highway system was bought and paid for with 2 cent per gallon gas tax or 7% of the cost of a gallon of gas. Today the tax rate is over 15% and they can't even keep the pot holes filled in.
The fact we have more dollars means that 1% is a lot more dollars today then it was 50 years ago, but it isn't enough - sales tax rates are now 6% to 10%. In the 1950s SS taxes weren't even paid by the "working poor" since they didn't kick in on the first $1000 and the maximum rate was 4% on the next $4800. Now the tax rate is 4 times higher on all wages under 100,000 and the system is still going broke.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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