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Herbert Isaacs 1913 - 1992

Herbert Isaacs of Philadelphia, Philadelphia County, PA was born on July 7, 1913, and died at age 78 years old on March 18, 1992.

Herbert Isaacs

Philadelphia, Philadelphia County, PA 19152

July 7, 1913

March 18, 1992

Male

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Herbert Isaacs Herbert Isaacs (1913 - 1992)

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Herbert Isaacs' History: 1913 - 1992

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07/7

1913

Birthday

July 7, 1913

Birthdate

Unknown

Birthplace

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03/18

1992

Death

March 18, 1992

Death date

Unknown
Cause of death

Unknown
Death location

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Herbert Isaacs lived 5 years longer than the average family member when died at the age of 78.

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Herbert Isaacs lived 5 years longer than the average family member when died at the age of 78.

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In 1913, in the year that Herbert Isaacs 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 1922, he was only 9 years old when the Reparations Commission assessed German liability for World War 1 at 132 billion gold marks (over $32 billion U.S. dollars at the time). This led to hyperinflation in Germany and created the political and social atmosphere in which Hitler was able to rise to power.

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