The Year is 1950 | AVERAGE PAY GAINS $ 116. FROM PREVIOUS YEAR

The Year 1950 AVERAGE PAY GAINS $ 116. FROM PREVIOUS YEAR Americans now average an income of $ 1,436. for every man, women, and child in 1950, the department of commerce reported today. This figure represents an increase of $ 116. from last year, attributed to the income of the very rich in America today. Due to an average tax burden of $ 360. the net gain shows a slight gain. The district of Columbia had the highest total at $ 1,986. and Mississippi had the lowest total at $ 698.

Remember When

Highlights of the 1970 NBA Finals - Game 5 Lakers vs. Knicks

Knicks Win NBA Championship in 1970 - With Bill Russell retiring after the 1969 season, the NBA Eastern Division was finally open to all contenders, and the New York Knickerbockers took full advantage and finished in first place with 60 wins. They were led by MVP Willis Reed, First team All-Star Guard Walt Frazier, Forwards Dave DeBusschere and Bill Bradley, and guard Dick Barnett. Coach Red Holzman emphasized team defense, a cohesive team offense and a deep bench led by Mike Riordan, Dave Stallworth, and Cazzie Russell. In a devastating moment to the team, Willis Reed was injured in the finals, and almost everyone thought the Knicks championship run was over. In one of the most inspirational and memorable sports moments of all time, just before Game 7 of the NBA Finals an injured Willis Reed emerged onto the Madison Square Garden floor shortly before tip-off. He dragged his injured leg on to the floor playing just a few minutes before retiring to the bench for the rest of the game. The emotionally rejuvenated Knicks beat the Lakers that night 113–99 to win the championship.