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Dale Forsyth 1913 - 1981

Dale Forsyth of Houston, Harris County, Texas was born on August 30, 1913, and died at age 67 years old in January 1981.

Dale Forsyth

Houston, Harris County, Texas 77091

August 30, 1913

January 1981

Male

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Dale Forsyth Dale Forsyth (1913 - 1981)

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Dale Forsyth's History: 1913 - 1981

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08/30

1913

Birthday

August 30, 1913

Birthdate

Unknown

Birthplace

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01/dd

1981

Death

January 1981

Death date

Unknown
Cause of death

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Death location

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Dale Forsyth lived 7 years shorter than the average family member when died at the age of 67.

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Dale Forsyth lived 7 years shorter than the average family member when died at the age of 67.

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In 1913, in the year that Dale Forsyth 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 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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Dale Forsyth's Family Tree & Friends

Dale Forsyth's Family Tree

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Dale Forsyth Aug 30, 1913 - Jan 1981

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