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Emil Schlienger 1913 - 1998

Emil Schlienger of Egg Harbor City, Atlantic County, NJ was born on August 5, 1913, and died at age 84 years old on February 9, 1998.

Emil Schlienger

Egg Harbor City, Atlantic County, NJ 08215

August 5, 1913

February 9, 1998

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Emil Schlienger Emil Schlienger (1913 - 1998)

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Emil Schlienger's History: 1913 - 1998

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08/5

1913

Birthday

August 5, 1913

Birthdate

Unknown

Birthplace

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02/9

1998

Death

February 9, 1998

Death date

Unknown
Cause of death

Unknown
Death location

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Emil Schlienger lived 11 years longer than the average family member when died at the age of 84.

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Emil Schlienger lived 11 years longer than the average family member when died at the age of 84.

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In 1913, in the year that Emil Schlienger 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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Emil Schlienger's Family Tree & Friends

Emil Schlienger's Family Tree

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Emil Schlienger Aug 5, 1913 - Feb 9, 1998

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