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William Massari 1913 - 2003

William Massari of New Port Richey, Pasco County, FL was born on August 18, 1913, and died at age 89 years old on April 5, 2003. William Massari was buried at Florida National Cemetery Section 409 Site 300 6502 Sw. 102nd Ave., in Bushnell.

William Massari

New Port Richey, Pasco County, FL 34655

August 18, 1913

April 5, 2003

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William Massari William Massari (1913 - 2003)

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William Massari's History: 1913 - 2003

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08/18

1913

Birthday

August 18, 1913

Birthdate

Unknown

Birthplace

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Military Service

Branch of service: Us Army Rank attained: SSGT Wars/Conflicts: World War Ii
04/5

2003

Death

April 5, 2003

Death date

Unknown
Cause of death

Unknown
Death location

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Gravesite & Burial

mm/dd/yyyy
Funeral date
Florida National Cemetery Section 409 Site 300 6502 Sw. 102nd Ave., in Bushnell, Fl 33513
Burial location
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William Massari lived 15 years longer than the average family member when died at the age of 89.

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In 1913, in the year that William Massari 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, when he 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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William Massari's Family Tree & Friends

William Massari's Family Tree

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William Massari Aug 18, 1913 - Apr 5, 2003

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