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Jesus Martinez 1907 - 1986

Jesus Martinez of Loving, Eddy County, New Mexico was born on June 16, 1907, and died at age 78 years old in May 1986.

Jesus Martinez

Loving, Eddy County, New Mexico 88256

June 16, 1907

May 1986

Male

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Jesus Martinez Jesus Martinez (1907 - 1986)

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Jesus Martinez's History: 1907 - 1986

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06/16

1907

Birthday

June 16, 1907

Birthdate

Unknown

Birthplace

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05/dd

1986

Death

May 1986

Death date

Unknown
Cause of death

Unknown
Death location

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Did you know?

Jesus Martinez lived 11 years longer than the average family member when died at the age of 78.

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Jesus Martinez lived 11 years longer than the average family member when died at the age of 78.

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Did you know?

In 1907, in the year that Jesus Martinez 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, he was just 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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