average Federal personal income tax: $100.00
maximum annual social security tax: $45.00
average state personal income tax: $ 0
property tax: $40.00
sales tax: 2%
medicare tax: $ 0
credit card debt: 0
total federal debt: $257 billion
gasoline tax: 2 cents a gallon
cigarette tax: 5 cents a pack
Number of personal bankruptcies in 1950: 25,040
Those houses from the 1950's are still here, still around, and some of them are for sale - people still want to live in them. What you call a "cracker jack house", bought for $6 - 8000 in the 1950's, is now currently selling for $200,000 - $400,000. They also have real plaster on the walls, fancy woodwork, glass doorknobs, wood floors, etc.
They aren't selling for near that here. Here, $200,000 through $400,000 buys you a McMansion the size of a small bank.