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Charles Silcott 1913 - 1977

Charles Silcott of Philadelphia, Philadelphia County, PA was born on January 11, 1913, and died at age 64 years old in May 1977.

Charles Silcott

Philadelphia, Philadelphia County, PA 19111

January 11, 1913

May 1977

Male

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Charles Silcott Charles Silcott (1913 - 1977)

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Charles Silcott's History: 1913 - 1977

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01/11

1913

Birthday

January 11, 1913

Birthdate

Unknown

Birthplace

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05/dd

1977

Death

May 1977

Death date

Unknown
Cause of death

Unknown
Death location

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Charles Silcott lived 7 years shorter than the average family member when died at the age of 64.

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Charles Silcott lived 7 years shorter than the average family member when died at the age of 64.

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In 1913, in the year that Charles Silcott 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, when he 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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Charles Silcott's Family Tree & Friends

Charles Silcott's Family Tree

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Charles Silcott Jan 11, 1913 - May 1977

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