Looking back to 1996

Looking back to 1996

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 1996.

1996 Big News Story

Dolly the Sheep is Cloned

1996 was a difficult year for aviation, with ValuJet Flight 592 crashing into the Florida Everglades and TWA Flight 800 exploding in mid-air off the coast of New York. After an 18-year search, the Unabomber, Ted Kaczynski, was arrested. In November, incumbent President Bill Clinton defeats Republican Bob Dole to retain the White House.

Per Scientific American

It was a glorious day in the hills above Edinburgh, Scotland, when old friends and scientific colleagues Ian Wilmut and Alan Trounson set off on a hike two decades ago. High over the city, Wilmut confided that he had a secret to share. As part of a larger study, he and several co-workers had successfully birthed a lamb in the lab—not from egg and sperm but from DNA taken from an adult sheep’s mammary gland. They had cloned a mammal. “Crikey, I was stunned,” says Trounson, who is now—as then—a stem cell biologist at Monash University in Melbourne, Australia. He remembers sitting down hard on a nearby stone. It was a warm day but Trounson felt a chill pass over him as he realized the implications. “It changed everything.”

Cloning a mammal defied the scientific dogma of its time. The success led to dire and fantastic predictions: Humans would be cloned. Diseases would be prevented. Lost children rebirthed. Today, two decades after Dolly’s birth on July 5, 1996, the impact of cloning on basic science has surpassed expectations whereas the reality of what is technically called nuclear transfer—the form of cloning used with Dolly—has largely faded from public consciousness.

1996 by the Numbers

Economic Data from 1996

Grocery Prices from 1996

Personally, I don't remember much about 1996 news wise but professionally it was just a busy grind it out kind of growth year. 1996 was the year where I opened and the managed our Whippany  NJ office. Rylan Forbes was riding the hockey stick growth curve. We grew to over 20 Professionals and sizable revenue by 1996.

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