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Alice Merry 1913 - 1984

Alice Merry of Verona, Oneida County, NY was born on August 18, 1913, and died at age 71 years old in August 1984.

Alice Merry

Verona, Oneida County, NY 13478

August 18, 1913

August 1984

Female

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Alice Merry Alice Merry (1913 - 1984)

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Alice Merry's History: 1913 - 1984

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08/18

1913

Birthday

August 18, 1913

Birthdate

Unknown

Birthplace

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08/dd

1984

Death

August 1984

Death date

Unknown
Cause of death

Unknown
Death location

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Alice Merry lived 4 years shorter than the average family member when died at the age of 70.

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Alice Merry lived 4 years shorter than the average family member when died at the age of 70.

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In 1913, in the year that Alice Merry was born, ratified in February the 16th Amendment, establishing a Federal income tax, became law. Previously, customs duties (tariffs) and excise taxes were the primary sources of federal revenue. With the passage of the 16th Amendment, incomes of couples exceeding $4,000, as well as those of single persons earning $3,000 or more, were subject to a 1% Federal tax (that would be about $98,000 and $74,000 now). Rates rose to 7% for incomes over half a million dollars. Less than 1% of the population was subject to income tax.

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In 1934, by the time she was 21 years old, on June 6th, the U.S. Securities and Exchange Commission was formed as a response to the stock market crash of 1929 and the continuing Great Depression. Previously, the states regulated the offering and sales of stocks - called "blue sky" laws. They were largely ineffective. Roosevelt created a group (one member was Joseph Kennedy, father of the future President Kennedy) who knew Wall Street well and they defined the mission and operating mode for the SEC. The new organization had broad and stringent rules and oversight and restored public confidence in the stock market in the United States.

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Alice Merry's Family Tree & Friends

Alice Merry's Family Tree

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Alice Merry Aug 18, 1913 - Aug 1984

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