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Horacio Lopez-Rodrig 1913 - 1994

Horacio Lopez-Rodrig of Vega Alta, Vega Alta County, PR was born on August 15, 1913, and died at age 81 years old on December 8, 1994.

Horacio Lopez-Rodrig

Vega Alta, Vega Alta County, PR 00692

August 15, 1913

December 8, 1994

Male

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Horacio Lopez-Rodrig Horacio Lopez-Rodrig (1913 - 1994)

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Horacio Lopez-Rodrig's History: 1913 - 1994

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08/15

1913

Birthday

August 15, 1913

Birthdate

Unknown

Birthplace

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12/8

1994

Death

December 8, 1994

Death date

Unknown
Cause of death

Unknown
Death location

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Horacio Lopez-Rodrig lived 10 years longer than the average family member when died at the age of 81.

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Horacio Lopez-Rodrig lived 10 years longer than the average family member when died at the age of 81.

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Did you know?

In 1913, in the year that Horacio Lopez-Rodrig 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, Horacio was 21 years old when 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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