Looking back to 1968
We look forward not back
Does your accountant seem obsessed with last year? If you want to legally pay less in taxes, you need a professional who looks forward. Relax Tax helps our clients focus on planning for a better future, and not the past. If we want to look back at anything, we thought it might be fun let our blog look back at what we learned in the last 50 plus years. You can get a FREE COPY of the entire guide at back.relaxtax.com. Thus 1968 was the spark that would eventually start Relax Tax.
1968 Big News Story
The Assassinations of Martin Luther King Jr. & Robert Kennedy
As home prices kept rising to a median of $21,482, American endured one of its most trying years in 1968. In Vietnam, it was the year of the Tet Offensive and the My Lai massacre. On the home front, Rev. Martin Luther King Jr. was assassinated, followed by Andy Warhol and Robert Kennedy in later months. The year did end on an inspirational note, however, as the Apollo 8 astronauts beamed back the first ever picture of the Earth from deep space taken by humans.
Martin Luther King, Jr. was assassinated in Memphis, Tennessee, on April 4, 1968, an event that sent shock waves reverberating around the world. A Baptist minister and founder of the Southern Christian Leadership Conference (SCLC), King had led the civil rights movement since the mid-1950s, using a combination of impassioned speeches and nonviolent protests to fight segregation and achieve significant civil rights advances for African Americans.
His assassination led to an outpouring of anger among black Americans, as well as a period of national mourning that helped speed the way for an equal housing bill that would be the last significant legislative achievement of the civil rights era.
King Assassination: Background
In the last years of his life, Dr. King faced mounting criticism from young African American activists who favored a more confrontational approach to seeking change. These young radicals stuck closer to the ideals of the black nationalist leader Malcolm X (himself assassinated in 1965), who had condemned King’s advocacy of nonviolence as “criminal” in the face of the continuing repression suffered by African Americans.
As a result of this opposition, King sought to widen his appeal beyond his own race, speaking out publicly against the Vietnam War and working to form a coalition of poor Americans—black and white alike—to address such issues as poverty and unemployment.
1968 by the Numbers
Economic Data from 1968
Grocery Prices from 1968
A tax return is just a historical record of what happen financially in the previous year. If you don't think about your taxes until you start receiving your tax forms, then it is already too late. Click Here to schedule your risk free tax planning session.
If your tax preparer isn't doing tax planning with you, then you have the wrong tax preparer. If you do your taxes yourself with software and just "tweak" the numbers till you get the numbers where you want them then you should read our blog post on what could be in store.