Looking back to 1975

by Dennis Harabin CPA December 10, 2020

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. Now lets take a look at 1975.

1975 Big News Story

Vietnam War Ends for US as Saigon Falls

1975 saw the last U.S. troops leave Vietnam. The year is also notable for technological developments — beyond the Rubik’s cube and the Pet Rock, 1975 also saw the birth of Microsoft and the Apple 1 prototype computer. In space, the U.S. and the Soviet Union turned to the spirit of cooperative exploration, launching the Apollo and Soyuz spacecraft for a link-up in space. In the entertainment world, sketch comedy series Saturday Night Live made its debut.

1975 by the Numbers

Economic Data from 1975

Grocery Prices from 1975

Personally this was a great year for me as this was the year I started kindergarten. I have any memories of Kindergarten but none were of the Vietnam. I was too young and sheltered to remember the fall of Saigon.

Yet, this would later have and impact on my life. For another great person in my life, was Billy. He was a few grades younger then me. Yet he and all of his adopted family attended the same High School. In 1975 he was one of the last children to get out of Saigon. He was the son of a soldier, and his mother Vietnamese. He remembers flying out of Vietnam as Saigon fell. He had to learn English when he got here.

I arranged for him to visit me at Villanova. He had such a great time that he not only attended but went on to become my little brother in my fraternity. Such an amazing guy and an incredible story of overcoming the odds to put history behind him.

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