Deena Dietrich

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When The Breakers was first built, there was no federal income tax. After the Sixteenth Amendment was ratified in 1913, the great fortunes of the Gilded Age were exposed for the first time to taxation from the government, and Alice Vanderbilt was no exception. Then there were the property taxes and estate taxes, all of which ate away at the Countess’s inheritance,
Vanderbilt: The Rise and Fall of an American Dynasty
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