Looking back to 1983

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 talk about 1983.

1983 Big News Story

Soviets Shoot Down Korean Passenger Jet

Median home prices jumped nearly 10 percent in 1983, as the country emerged from recession. In the midst of Cold War tensions, Soviet fighter jets shot down Korean Air Lines Flight 007, killing all 269 passengers aboard. Just three weeks later, a Soviet Lt. Colonel was credited with “saving the world” after ignoring indications of an inbound ICBM attack from the United States. 1983 also watched Sally Ride become the first American woman in space.

Per Britannica

Korean Air Lines flight 007, flight of a passenger jet that was shot down by Soviet air-to-air missiles on September 1, 1983, near Sakhalin IslandRussia, killing all 269 persons on board. It was en route to Seoul from Anchorage, Alaska, when it strayed more than 200 miles (322 km) from its scheduled path and entered Soviet airspace. Soviet authorities claimed that the plane was on an intelligence-gathering mission for the United States, though no evidence supported the allegation. The incident occurred during heightened tensions during the Cold War and further degraded U.S.-Soviet relations.

1983 by the Numbers

Economic Data from 1983

Grocery Prices from 1983

Personally, I do remember all the news over the airliner being shot down. But for me 1983 was more memorable as being the year I graduated from Immaculate Conception School. I may not have remembered it as well if it wasnt the school that I we have chosen to send my Daughter to. Everyday I bring her over and drop here off. In an ironic twist of fate it is also where my wife is the school nurse. It turns out to be an especially critical role during this COVID craziness.

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