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Vivian P Stallings 1913 - 1999

Vivian P Stallings of Carlyle, Clinton County, IL was born on January 23, 1913, and died at age 86 years old on August 29, 1999.

Vivian P Stallings

Carlyle, Clinton County, IL 62231

January 23, 1913

August 29, 1999

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Vivian P Stallings Vivian Stallings (1913 - 1999)

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Vivian P Stallings' History: 1913 - 1999

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01/23

1913

Birthday

January 23, 1913

Birthdate

Unknown

Birthplace

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08/29

1999

Death

August 29, 1999

Death date

Unknown
Cause of death

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Death location

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Vivian P Stallings lived 14 years longer than the average family member when died at the age of 86.

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Vivian P Stallings lived 14 years longer than the average family member when died at the age of 86.

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In 1913, in the year that Vivian P Stallings 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, by the time this person was 21 years old, 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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Vivian Stallings' Family Tree & Friends

Vivian Stallings' Family Tree

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Vivian P Stallings Jan 23, 1913 - Aug 29, 1999

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