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Ludwig J Minarovic 1913 - 2004

Ludwig J Minarovic of Easton, Northampton County, PA was born on September 17, 1913, and died at age 91 years old on November 19, 2004.

Ludwig J Minarovic
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Easton, Northampton County, PA 18045
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September 17, 1913
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November 19, 2004
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Updated: October 6, 2011
Biography ID: 24716889 What's this
Ludwig J Minarovic Ludwig Minarovic (1913 - 2004)
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Ludwig J Minarovic's History: 1913 - 2004

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  • 09/17
    1913

    Birthday

    September 17, 1913
    Birthdate
    Unknown
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  • 11/19
    2004

    Death

    November 19, 2004
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    Ludwig J Minarovic lived 17 years longer than the average family member when died at the age of 91.
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In 1913, in the year that Ludwig J Minarovic 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, he 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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Ludwig Minarovic's Family Tree & Friends

Ludwig Minarovic's Family Tree

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Ludwig J Minarovic Sep 17, 1913 - Nov 19, 2004
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Other Biographies

Other Minarovic Family Biographies

Minarovic, Theodore (Feb 17, 1915 - Nov 1956) Minarovic, Josephine (Jul 21, 1894 - Oct 19, 1988) Minarovic, Charles (Nov 1, 1912 - Nov 1979) Minarovic, Rose (Feb 13, 1919 - Mar 22, 2010) Minarovic, Dorothy (Nov 10, 1919 - Feb 14, 2000) Minarovic, Jordan (Nov 1, 2006 - Dec 25, 2006) Minarovic, Jean (Feb 12, 1928 - May 4, 2010) Minarovic, Katherine (Jul 21, 1897 - Apr 1969) Minarovic, Alfred (Sep 23, 1915 - May 2, 2007) Minarovic, Vido (Feb 13, 1920 - Dec 8, 1990)
Minarovic, Cecelia (Feb 18, 1919 - Aug 3, 2006) Minarovic, Althea (May 11, 1921 - Sep 6, 2009) Minarovic, Anna (Jul 26, 1920 - Aug 11, 2011) Minarovic, Wilma (Jun 6, 1921 - Nov 1, 1998) Minarovic, Rose (May 25, 1915 - May 1981) Minarovic, Rose (Aug 29, 1925 - Jul 27, 2000) Minarovic, Ferdinand (Apr 14, 1918 - Jul 12, 1993) Minarovic, Frank (May 22, 1910 - May 20, 2002) Minarovic, Joseph (Oct 15, 1911 - Dec 1983) Minarovic, William (Jul 18, 1917 - Jun 14, 1999)
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