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Otto Schlegelmilc 1885 - 1974

Otto Schlegelmilc of Yankton, Yankton County, South Dakota was born on September 17, 1885, and died at age 88 years old in August 1974.

Otto Schlegelmilc

Yankton, Yankton County, South Dakota 57078

September 17, 1885

August 1974

Male

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Otto Schlegelmilc Otto Schlegelmilc (1885 - 1974)

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Otto Schlegelmilc's History: 1885 - 1974

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09/17

1885

Birthday

September 17, 1885

Birthdate

Unknown

Birthplace

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08/dd

1974

Death

August 1974

Death date

Unknown
Cause of death

Unknown
Death location

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Otto Schlegelmilc lived 11 years longer than the average family member when died at the age of 88.

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Otto Schlegelmilc lived 11 years longer than the average family member when died at the age of 88.

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Did you know?

In 1885, in the year that Otto Schlegelmilc was born, on February 16th, the first Dow Jones Industrial Average was published by Charles Dow, who also founded the Wall Street Journal. The index was 62.76. It represented 12 stocks - American Cotton Oil, American Sugar, American Tobacco, Chicago Gas, Distilling & Cattle Feeding, General Electric, Laclede Gas, National Lead, North American, Tennessee Coal and Iron, U.S. Leather pfd. and U.S. Rubber.

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In 1913, at the age of 28 years old, Otto was alive when 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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