Raymond M Mcilvaine (1913 - 2000)

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Raymond M Mcilvaine Biography & Family History

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Birth

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Last Known Residence

Jeannette, Westmoreland County, Pennsylvania

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Gender

Male

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Timeline

1913 - In the year that Raymond M Mcilvaine 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.

1974 - He was 61 years old when on February 5th, Patty Hearst, age 19 - granddaughter of William Randolph Hearst and daughter of publisher of the San Francisco Examiner Randolph Hearst - was kidnapped by the Symbionese Liberation Army, a left wing terrorist group. She was found, alive, 19 months later.

1979 - By the time he was 66 years old, on March 28th, a partial nuclear meltdown occurred at the power plant at Three Mile Island Pennsylvania. Radiation leaked into the environment, resulting in a rating of 5 on a scale of 7 ("Accident With Wider Consequences") . It ended up costing $1 billion to clean up the site.

1983 - He was 70 years old when "crack" cocaine was developed in the Bahamas and spread to the United States. Previously, cocaine had been cut with other substances, diluting it. Crack was 80% pure and therefore was more addictive. It was also cheaper, making it more easily available to low income neighborhoods.

1987 - Raymond was 74 years old when on October 19th, stock exchanges around the world crashed. Beginning in Hong Kong then spreading to Europe, the crash then hit the United States. It was called Black Monday. The Dow Jones fell 508 points to 1,738.74 (22.61%).

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Obituary

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Raymond M Mcilvaine died on May 24, 2000 at 86 years old. There is no known cause of death. He was born on November 30, 1913. There is no information about Raymond's immediate family. We know that Raymond M Mcilvaine had been residing in Jeannette, Westmoreland County, Pennsylvania.

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