Leo Fernevak on Nostr: Income inflation over a 45 year career. Without any taxes, the lost purchasing power ...
Income inflation over a 45 year career.
Without any taxes, the lost purchasing power is ~35%
I set the inflation rate to 2% which is the target inflation of central banks. In reality of course, inflation is far higher.
Below I provide the output data for the calculations so that they can be easily verified. A simple for-loop can be used to calculate the inflation percentage, i.e. the loss of purchasing power.
Diagram made in GIMP.
#Inflation #Tax #Taxes #InflationIsTheft #Meme #Memes #Data #GIMP
Without any taxes, the lost purchasing power is ~35%
I set the inflation rate to 2% which is the target inflation of central banks. In reality of course, inflation is far higher.
Below I provide the output data for the calculations so that they can be easily verified. A simple for-loop can be used to calculate the inflation percentage, i.e. the loss of purchasing power.
Diagram made in GIMP.
#Inflation #Tax #Taxes #InflationIsTheft #Meme #Memes #Data #GIMP
![](https://image.nostr.build/b5c700363d669c440d0e32b3fb7406d015f0b20365698d2a2558b454fd0b4830.jpg)