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Otto Spitz 1913 - 1997

Otto Spitz of New York, New York County, NY was born on May 30, 1913, and died at age 83 years old on February 12, 1997.

Otto Spitz

New York, New York County, NY 10034

May 30, 1913

February 12, 1997

Male

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Otto Spitz Otto Spitz (1913 - 1997)

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Otto Spitz's History: 1913 - 1997

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05/30

1913

Birthday

May 30, 1913

Birthdate

Unknown

Birthplace

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02/12

1997

Death

February 12, 1997

Death date

Unknown
Cause of death

Unknown
Death location

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Otto Spitz lived 6 years longer than the average family member when died at the age of 83.

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Otto Spitz lived 6 years longer than the average family member when died at the age of 83.

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In 1913, in the year that Otto Spitz 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 1947, he was 34 years old when in June, the Marshall Plan was proposed to help European nations recover economically from World War II. It passed the conservative Republican Congress in March of 1948. After World War I, the economic devastation of Germany caused by burdensome reparations payments led to the rise of Hitler. The Allies didn't want this to happen again and the Marshall Plan was devised to make sure that those conditions didn't arise again.

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