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Walter Kraus 1913 - 1971

Walter Kraus was born on February 17, 1913, and died at age 57 years old in January 1971. Family, friend, or fan, this family history biography is for you to remember Walter Kraus.

Walter Kraus

February 17, 1913

January 1971

Male

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Walter Kraus Walter Kraus (1913 - 1971)

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Walter Kraus' History: 1913 - 1971

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02/17

1913

Birthday

February 17, 1913

Birthdate

Unknown

Birthplace

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01/dd

1971

Death

January 1971

Death date

Unknown
Cause of death

Unknown
Death location

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Walter Kraus lived 18 years shorter than the average family member when died at the age of 57.

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Walter Kraus lived 18 years shorter than the average family member when died at the age of 57.

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In 1913, in the year that Walter Kraus 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 1923, Walter was just 10 years old when on August 2nd, Calvin Coolidge was sworn in as the 30th President of the United States due to the sudden death of Warren G. Harding. After the scandals of the Harding presidency, Coolidge restored public confidence and was very popular. He won the Presidential election in 1924 but declined to run again in 1928.

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