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Robert Fenster 1913 - 1985

Robert Fenster of Orlando, Orange County, FL was born on February 3, 1913, and died at age 72 years old in May 1985.

Robert Fenster

Orlando, Orange County, FL 32857

February 3, 1913

May 1985

Male

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Robert Fenster Robert Fenster (1913 - 1985)

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Robert Fenster's History: 1913 - 1985

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02/3

1913

Birthday

February 3, 1913

Birthdate

Unknown

Birthplace

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05/dd

1985

Death

May 1985

Death date

Unknown
Cause of death

Unknown
Death location

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Robert Fenster lived 5 years shorter than the average family member when died at the age of 72.

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Robert Fenster lived 5 years shorter than the average family member when died at the age of 72.

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In 1913, in the year that Robert Fenster 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, at the age of 21 years old, Robert was alive 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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Robert Fenster's Family Tree & Friends

Robert Fenster's Family Tree

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Robert Fenster Feb 3, 1913 - May 1985

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