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Edward Folz 1913 - 1976

Edward Folz of New Concord, Calloway County, Kentucky was born on January 10, 1913, and died at age 63 years old in September 1976.

Edward Folz

New Concord, Calloway County, Kentucky 42076

January 10, 1913

September 1976

Male

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Edward Folz Edward Folz (1913 - 1976)

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Edward Folz's History: 1913 - 1976

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01/10

1913

Birthday

January 10, 1913

Birthdate

Unknown

Birthplace

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09/dd

1976

Death

September 1976

Death date

Unknown
Cause of death

Unknown
Death location

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Edward Folz lived 12 years shorter than the average family member when died at the age of 63.

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Edward Folz lived 12 years shorter than the average family member when died at the age of 63.

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In 1913, in the year that Edward Folz 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.

Did you know?

In 1933, he was 20 years old when on March 4th, Franklin Delano Roosevelt became the 32nd President of the United States. He was elected four times (equaled by no other President) and guided the United States through the Great Depression, the Dust Bowl, and World War 2. His wife was his cousin Eleanor Roosevelt (Teddy Roosevelt's niece) who President Truman called "First Lady of the World". Some of the major programs that survive from his presidency are the Securities and Exchange Commission, the Wagner Act (The National Labor Relations Act of 1935) , the Federal Deposit Insurance Corporation and Social Security.

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