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T O P I C R E V I E WKC StoeverI fear I introduced some bum figures in Rene Carpenter's otherwise nice new essay on the LIFE contract: http://www.scottcarpenter.com/rene_life.html It was added to the scottcarpenter.com website today. If it was a million-dollar publishing contract, that means maybe $700,000 after taxes for the group--and amount that was then divided among the seven, paid out over a five year period. Right? I have dropped some zeroes, I guess.Does anyone know what $1,000,000 (1960 USD) would be today? A comparison might be useful. Thanks for any help--and my apologies for the bad math :-}Kris413 is inHi Kris -$1,000,000 in 1960 dollars would have the same buying power as about $6.8 million in 2006 dollars (the last full year for which inflation data is available).You can find an inflation calculator on the U.S. Dept. of Labor's web site: http://www.bls.gov/cpi/ ------------------b i l l[Edited by 413 is in (February 04, 2007).]KC StoeverBill,That's a great DOL link. Thank you. I'll do some figuring and retyping and have a nice new Rene essay up in no time.Kris
It was added to the scottcarpenter.com website today.
If it was a million-dollar publishing contract, that means maybe $700,000 after taxes for the group--and amount that was then divided among the seven, paid out over a five year period. Right? I have dropped some zeroes, I guess.
Does anyone know what $1,000,000 (1960 USD) would be today? A comparison might be useful. Thanks for any help--and my apologies for the bad math :-}
Kris
$1,000,000 in 1960 dollars would have the same buying power as about $6.8 million in 2006 dollars (the last full year for which inflation data is available).
You can find an inflation calculator on the U.S. Dept. of Labor's web site: http://www.bls.gov/cpi/
------------------b i l l
[Edited by 413 is in (February 04, 2007).]
That's a great DOL link. Thank you. I'll do some figuring and retyping and have a nice new Rene essay up in no time.
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