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Ray Mcarthur 1901 - 1979

Ray Mcarthur of Jackson, Jackson County, Michigan was born on November 28, 1901, and died at age 77 years old in March 1979.

Ray Mcarthur

Jackson, Jackson County, Michigan 49201

November 28, 1901

March 1979

Male

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Ray Mcarthur Ray Mcarthur (1901 - 1979)

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Ray Mcarthur's History: 1901 - 1979

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11/28

1901

Birthday

November 28, 1901

Birthdate

Unknown

Birthplace

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03/dd

1979

Death

March 1979

Death date

Unknown
Cause of death

Unknown
Death location

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Ray Mcarthur lived 4 years longer than the average family member when died at the age of 77.

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Ray Mcarthur lived 4 years longer than the average family member when died at the age of 77.

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Did you know?

In 1901, in the year that Ray Mcarthur was born, John Pierpont "J. P." Morgan created U.S. Steel. J.P. Morgan was an American banker and financier who dominated U.S. business at this time. He had previously overseen the creation of General Electric, as well as International Harvester and AT&T. He has been referred to as America's greatest banker. U.S. Steel was the first billion dollar company in the world, worth $1.4 billion in 1901.

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In 1913, he was only 12 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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