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Giacomo Prayto 1913 - 1973

Giacomo Prayto was born on February 24, 1913, and died at age 60 years old in October 1973. Family, friend, or fan, this family history biography is for you to remember Giacomo Prayto.

Giacomo Prayto
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February 24, 1913
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October 1973
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Updated: October 6, 2011
Biography ID: 17432857 What's this
Giacomo Prayto Giacomo Prayto (1913 - 1973)
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Giacomo Prayto's History: 1913 - 1973

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  • 02/24
    1913

    Birthday

    February 24, 1913
    Birthdate
    Unknown
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  • 10/dd
    1973

    Death

    October 1973
    Death date
    Unknown
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  • Did you know?
    Giacomo Prayto lived 7 years longer than the average family member when died at the age of 60.
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In 1913, in the year that Giacomo Prayto 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 1924, at the age of just 11 years old, Giacomo was alive when Macy's department store in New York held its first "Thanksgiving parade" on November 27th at 9a - during church services but leaving plenty of time to attend the big football game between Syracuse and Columbia universities. The parade was held as a way to promote the opening of the “World’s Largest Store” and its 1 million square feet of retail space in Manhattan’s Herald Square. The parade was 6 miles long and included floats, Macy's employees dressed as clowns, cowboys, and sword-wielding knights, and animals from Central Park Zoo. Santa Claus, of course, brought up the rear - opening the Christmas shopping season for Macy's.
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Giacomo Prayto's Family Tree

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Giacomo Prayto Feb 24, 1913 - Oct 1973
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Other Biographies

Other Prayto Family Biographies

Prayto, Mary (Jan 1, 1928 - Nov 1975)
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