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William Batty 1913 - 1981

William Batty of Checotah, McIntosh County, Oklahoma was born on April 10, 1913, and died at age 68 years old in December 1981.

William Batty

Checotah, McIntosh County, Oklahoma 74426

April 10, 1913

December 1981

Male

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William Batty William Batty (1913 - 1981)

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William Batty's History: 1913 - 1981

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04/10

1913

Birthday

April 10, 1913

Birthdate

Unknown

Birthplace

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12/dd

1981

Death

December 1981

Death date

Unknown
Cause of death

Unknown
Death location

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William Batty lived 7 years shorter than the average family member when died at the age of 68.

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William Batty lived 7 years shorter than the average family member when died at the age of 68.

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In 1913, in the year that William Batty 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 1929, he was 16 years old when on October 29th (Black Tuesday), the stock market crashed in the United States. Billions of dollars were lost and some investors committed suicide as a result, having lost their fortunes. This ushered in the 12 year, worldwide Great Depression.

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