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Thomas Bounds 1913 - 1966

Thomas Bounds was born on August 29, 1913, and died at age 53 years old in November 1966. Family, friend, or fan, this family history biography is for you to remember Thomas Bounds.

Thomas Bounds

August 29, 1913

November 1966

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Thomas Bounds Thomas Bounds (1913 - 1966)

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Thomas Bounds' History: 1913 - 1966

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08/29

1913

Birthday

August 29, 1913

Birthdate

Unknown

Birthplace

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11/dd

1966

Death

November 1966

Death date

Unknown
Cause of death

Unknown
Death location

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Thomas Bounds lived 19 years shorter than the average family member when died at the age of 53.

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Thomas Bounds lived 19 years shorter than the average family member when died at the age of 53.

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In 1913, in the year that Thomas Bounds 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 1927, he was just 14 years old when aviator and media darling Charles Lindbergh, age 25, made the first successful solo TransAtlantic flight. "Lucky Lindy" took off from Long Island in New York and flew to Paris, covering 3,600 statute miles and flying for 33 1⁄2-hours. His plane "The Spirit of St. Louis" was a fabric-covered, single-seat, single-engine "Ryan NYP" high-wing monoplane designed by both Lindbergh and the manufacturer's chief engineer.

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