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William J Mollon 1913 - 1988

William J Mollon of Bradenton, Manatee County, FL was born on April 23, 1913, and died at age 75 years old on June 19, 1988.

William J Mollon

Bradenton, Manatee County, FL 34207

April 23, 1913

June 19, 1988

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William J Mollon William Mollon (1913 - 1988)

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William J Mollon's History: 1913 - 1988

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04/23

1913

Birthday

April 23, 1913

Birthdate

Unknown

Birthplace

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06/19

1988

Death

June 19, 1988

Death date

Unknown
Cause of death

Unknown
Death location

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William J Mollon lived 4 years longer than the average family member when died at the age of 75.

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William J Mollon lived 4 years longer than the average family member when died at the age of 75.

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In 1913, in the year that William J Mollon 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, by the time he was 16 years old, 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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William Mollon's Family Tree & Friends

William Mollon's Family Tree

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William J Mollon Apr 23, 1913 - Jun 19, 1988

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