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Lawrence Nager 1913 - 2001

Lawrence Nager of Atlanta, Fulton County, GA was born on December 30, 1913, and died at age 87 years old on April 14, 2001.

Lawrence Nager

Atlanta, Fulton County, GA 30327

December 30, 1913

April 14, 2001

Male

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Lawrence Nager Lawrence Nager (1913 - 2001)

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Lawrence Nager's History: 1913 - 2001

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12/30

1913

Birthday

December 30, 1913

Birthdate

Unknown

Birthplace

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04/14

2001

Death

April 14, 2001

Death date

Unknown
Cause of death

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Death location

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Lawrence Nager lived 11 years longer than the average family member when died at the age of 87.

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Lawrence Nager lived 11 years longer than the average family member when died at the age of 87.

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In 1913, in the year that Lawrence Nager 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, Lawrence was 21 years old when 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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Lawrence Nager's Family Tree & Friends

Lawrence Nager's Family Tree

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Lawrence Nager Dec 30, 1913 - Apr 14, 2001

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