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To: XBob
So, with after tax incomes, 1964 = 4119 and 2004 = 18419, a person could buy 2.3 minimal 1964 VW's or 1.1 minimal 2004 VW's. Or put another way, in after tax income, it took working .44 years to buy a VW in 1964, and in 2004 it takes .92 years to buy a new beetle.

Actually, the tax numbers I used included both parts of Soc Sec (employee and employer) so after tax income would be about $4300 in 1964 and $20,270 in 2004. But I see your point. I also looked up the CPI conversion factor for 1964. It's .166 so a better comparison might be a 2004 car that cost $1800/.166.

CPI Conversion

So, how does a 2004 car that costs $10,800 compare to a 1964 VW?

186 posted on 10/24/2004 9:12:45 AM PDT by Toddsterpatriot (Hey, look at me, I'm a math major.)
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To: Toddsterpatriot

186 - LOL - "So, how does a 2004 car that costs $10,800 compare to a 1964 VW?"

Name a NEW car which list price that low - the lowest list price I can find is for a 2005 Ford Focus, at $13,230. And I would be willing to bet that there is not one you can find in the whole US for that list price, while the $1800 VW was available at any VW dealer.


192 posted on 10/27/2004 2:15:15 AM PDT by XBob (Free-traitors steal our jobs for their profit.)
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