Income inflation over a 45 year career. Without any taxes, the lost purchasing power ...

2024-07-04 19:00:21

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

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2024-07-04 19:00:21

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Leo Fernevak on Nostr: Income inflation over a 45 year career. Without any taxes, the lost purchasing power ...