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Mozelle T Canady 1913 - 2003

Mozelle T Canady of Richmond, Chesterfield County, VA was born on May 26, 1913, and died at age 90 years old on December 22, 2003.

Mozelle T Canady

Richmond, Chesterfield County, VA 23235

May 26, 1913

December 22, 2003

Female

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Mozelle T Canady Mozelle Canady (1913 - 2003)

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Mozelle T Canady's History: 1913 - 2003

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05/26

1913

Birthday

May 26, 1913

Birthdate

Unknown

Birthplace

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12/22

2003

Death

December 22, 2003

Death date

Unknown
Cause of death

Unknown
Death location

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Mozelle T Canady lived 20 years longer than the average family member when died at the age of 90.

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Mozelle T Canady lived 20 years longer than the average family member when died at the age of 90.

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In 1913, in the year that Mozelle T Canady 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, when she 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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Mozelle Canady's Family Tree & Friends

Mozelle Canady's Family Tree

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Mozelle T Canady May 26, 1913 - Dec 22, 2003

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