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Robert Kimberlin 1907 - 1969

Robert Kimberlin of Long Beach, Los Angeles County, California was born on October 2, 1907, and died at age 61 years old in February 1969.

Robert Kimberlin

Long Beach, Los Angeles County, California 90807

October 2, 1907

February 1969

Male

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Robert Kimberlin Robert Kimberlin (1907 - 1969)

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Robert Kimberlin's History: 1907 - 1969

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10/2

1907

Birthday

October 2, 1907

Birthdate

Unknown

Birthplace

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02/dd

1969

Death

February 1969

Death date

Unknown
Cause of death

Unknown
Death location

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Robert Kimberlin lived 12 years shorter than the average family member when died at the age of 61.

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Robert Kimberlin lived 12 years shorter than the average family member when died at the age of 61.

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In 1907, in the year that Robert Kimberlin was born, in October, over a 3 week period, the New York stock exchange fell almost 50% from the previous year's high mark. Public panic ensued and there were runs on banks since the U.S. was in the middle of a recession. J.P. Morgan offered his own fortune to back the banks and he was followed by other financiers. This temporarily shored up the banking system, stopping the immediate panic. All of this led to the creation of the Federal Reserve.

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In 1913, by the time he was only 6 years old, 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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Robert Kimberlin's Family Tree & Friends

Robert Kimberlin's Family Tree

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Robert Kimberlin Oct 2, 1907 - Feb 1969

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