Looking back to 1981

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 1981. 

1981 Big News Story

Ronald Reagan and Pope John Paul III both Survived Separate Shootings

As Ronald Reagan moved into the Oval Office on January 20, the Iranian Hostage Crisis was ending. Just two months later, in March, John Hinckley, Jr. infamously shot the President as he emerged from a hotel, in an effort to impress actress Jodie Foster. Prince Charles and Lady Diana Spencer married at Westminster Abbey in July, a globally televised event. Median U.S. home prices rose to $60,967, but another recession took hold in July.

Per History.com

On March 30, 1981, President Ronald Reagan is shot in the chest outside a Washington, D.C. hotel by a deranged drifter named John Hinckley Jr.

The president had just finished addressing a labor meeting at the Washington Hilton Hotel and was walking with his entourage to his limousine when Hinckley, standing among a group of reporters, fired six shots at the president, hitting Reagan and three of his attendants. White House Press Secretary James Brady was shot in the head and critically wounded, Secret Service agent Timothy McCarthy was shot in the side, and District of Columbia policeman Thomas Delahanty was shot in the neck. After firing the shots, Hinckley was overpowered and pinned against a wall, and President Reagan, apparently unaware that he’d been shot, was shoved into his limousine by a Secret Service agent and rushed to the hospital.

The president was shot in the left lung, and the .22 caliber bullet just missed his heart. In an impressive feat for a 70-year-old man with a collapsed lung, he walked into George Washington University Hospital under his own power. As he was treated and prepared for surgery, he was in good spirits and quipped to his wife, Nancy, ”Honey, I forgot to duck,” and to his surgeons, “Please tell me you’re Republicans.” Reagan’s surgery lasted two hours, and he was listed in stable and good condition afterward.

1981 by the Numbers

Economic Data from 1981

Grocery Prices from 1981

 

Everyone who was alive remembers where they were when they heard that Kennedy was shot. Personally for me that was when Ronald Reagan was shot. I was getting ready to board the school buses home in 6th grade. We actually went to the Ground Round for dinner that evening. Although our family went to the Ground Round many other times, I could never give you another exact date but I remember the entire evening. :) 

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