Looking back to 1997

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 1997.

1997 Big News Story

Princess Diana Dies in a Car Crash

Sixteen years after her world-changing wedding, Diana, Princess of Wales, died in a Paris car accident in August. China began its “one country, two systems” policy with the peaceful handover of Hong Kong from Great Britain. The stock market had a “flash crash” and recovery, dropping 7.18 percent and then roaring back 4.71 percent the following day.

1997 by the Numbers

Economic Data from 1997

Grocery Prices from 1997

Personally, I definitely remember sitting in my condo with my Fiancé when we saw on the news that Princess Diana had died. It wasn't as memorable as Reagan being shot but it was still very memorable. It seems everyone was shocked. I went on to get married for my first time that year. It was an over the top "My Big Fat Geek Wedding" affair but in Portuguese not Greek style. I still think they only changed the title to Greek to protect the not so innocent lol. 

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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.