Carter's not worth a million
On top of his other troubles, Jimmy Carter revealed last week that he is no longer a millionaire. He enjoyed that heady status in 1978, but his 1979 personal income tax return puts his net worth at $893,304.35, or nearly $113,000 less than in 1978. In part, his own economic policies are to blame for the tumble. Like other Americans, he was savaged by soaring interest rates; payments on a peanut sheller, which are pegged at 1½ percentage points above the prime rate (now about 20%), caused him to suffer a $79,609.52 loss from the family business...
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