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Anthony Lobue 1913 - 1984

Anthony Lobue of Fort Lauderdale, Broward County, FL was born on June 7, 1913, and died at age 71 years old in July 1984.

Anthony Lobue

Fort Lauderdale, Broward County, FL 33317

June 7, 1913

July 1984

Male

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Anthony Lobue Anthony Lobue (1913 - 1984)

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Anthony Lobue's History: 1913 - 1984

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06/7

1913

Birthday

June 7, 1913

Birthdate

Unknown

Birthplace

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07/dd

1984

Death

July 1984

Death date

Unknown
Cause of death

Unknown
Death location

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Anthony Lobue lived 3 years shorter than the average family member when died at the age of 71.

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Anthony Lobue lived 3 years shorter than the average family member when died at the age of 71.

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In 1913, in the year that Anthony Lobue 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, he was 21 years old when 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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