It’s April and I’ve started working on my Federal Income Tax return. 2010 was the last year before I retired and it was the peak salary year of my career. My wife was still working and the stock market did well. I’m going to pay a boatload of taxes. I haven’t finished adding it all up, but the amount is already staggering. Indeed, I was wondering aloud to Mrs. Conspiracy whether we received back from the government equal value for the taxes we are paying.
Sometimes when trying to appreciate what a lot of money is, it helps to list other things that cost the same amount. My entire federal income tax bill this year will equal about the cost of a knee replacement.
The knee replacement cost I have in mind was based an anecdote last week from someone who had a couple of them. Just to see if this was in line, I typed “what does a knee replacement cost?” in a search engine, and the first match returned had what a knee replacement cost at Kapi’olani Hospital in Honolulu. I swear I didn’t make this up.