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Elva M Sanford 1907 - 1996

Elva M Sanford of Beltsville, Prince Georges County, MD was born on January 25, 1907, and died at age 89 years old on July 18, 1996.

Elva M Sanford

Beltsville, Prince Georges County, MD 20705

January 25, 1907

July 18, 1996

Female

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Elva M Sanford Elva Sanford (1907 - 1996)

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Elva M Sanford's History: 1907 - 1996

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01/25

1907

Birthday

January 25, 1907

Birthdate

Unknown

Birthplace

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07/18

1996

Death

July 18, 1996

Death date

Unknown
Cause of death

Unknown
Death location

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Elva M Sanford lived 17 years longer than the average family member when died at the age of 89.

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Elva M Sanford lived 17 years longer than the average family member when died at the age of 89.

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Did you know?

In 1907, in the year that Elva M Sanford was born, in October, over a 3 week period, the New York stock exchange fell almost 50% from the previous year's high mark. Public panic ensued and there were runs on banks since the U.S. was in the middle of a recession. J.P. Morgan offered his own fortune to back the banks and he was followed by other financiers. This temporarily shored up the banking system, stopping the immediate panic. All of this led to the creation of the Federal Reserve.

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In 1913, Elva was only 6 years old when 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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