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Walter Scheffe 1913 - 2005

Walter Scheffe of Englewood, Sarasota County, FL was born on September 19, 1913, and died at age 92 years old on December 12, 2005.

Walter Scheffe

Englewood, Sarasota County, FL 34223

September 19, 1913

December 12, 2005

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Walter Scheffe Walter Scheffe (1913 - 2005)

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Walter Scheffe's History: 1913 - 2005

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09/19

1913

Birthday

September 19, 1913

Birthdate

Unknown

Birthplace

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12/12

2005

Death

December 12, 2005

Death date

Unknown
Cause of death

Unknown
Death location

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Walter Scheffe lived 16 years longer than the average family member when died at the age of 92.

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Walter Scheffe lived 16 years longer than the average family member when died at the age of 92.

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In 1913, in the year that Walter Scheffe 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 1923, at the age of merely 10 years old, Walter was alive when on August 2nd, Calvin Coolidge was sworn in as the 30th President of the United States due to the sudden death of Warren G. Harding. After the scandals of the Harding presidency, Coolidge restored public confidence and was very popular. He won the Presidential election in 1924 but declined to run again in 1928.

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