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Thomas Watford 1913 - 2000

Thomas Watford of Pennsauken, Camden County, NJ was born on October 3, 1913, and died at age 86 years old on May 24, 2000.

Thomas Watford

Pennsauken, Camden County, NJ 08110

October 3, 1913

May 24, 2000

Male

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Thomas Watford Thomas Watford (1913 - 2000)

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Thomas Watford's History: 1913 - 2000

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10/3

1913

Birthday

October 3, 1913

Birthdate

Unknown

Birthplace

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05/24

2000

Death

May 24, 2000

Death date

Unknown
Cause of death

Unknown
Death location

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Thomas Watford lived 17 years longer than the average family member when died at the age of 86.

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Thomas Watford lived 17 years longer than the average family member when died at the age of 86.

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In 1913, in the year that Thomas Watford 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 1922, Thomas was just 9 years old when the Reparations Commission assessed German liability for World War 1 at 132 billion gold marks (over $32 billion U.S. dollars at the time). This led to hyperinflation in Germany and created the political and social atmosphere in which Hitler was able to rise to power.

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