Hmm. Let's see. The law was enacted in 1977. It looks like the average annual inflation since that time was around 3.5% or so.Count de Monet wrote: ↑Wed Mar 27, 2024 6:26 pm Lobby your congressman to increase the $3K limit. It hasn't increased in decades (I'm not sure exactly when it was first enacted).
So a $3,000 loss in 1977 was be the equivalent of about . . . $15,000 today!