Introduction
Joseph Louis Barrow, who was commonly referred to as Joe Louis, was an American-based professional boxer born on the 13th of May 1914 and passed on 12th April 1981. The professional boxer was the holder of the world heavyweight boxer between the years 1937 and 1949 (Adler and Widener, 2005). As such, he is considered among the top heavyweight a champion that has ever lived. Barrow, nicknamed Brown Bomber, played a significant role in saving boxing from the likely decline in popularity in an era known as post-Jack Dempsey through the establishment of a reputation displaying him as an honest, hardworking, dedicated fighter at a period when boxing was dominated by considerable gambling interests. Notably, Barrow's championship lasted for a period of one hundred and forty months consecutively and participated in a total of twenty-six championships. In addition, Brown Bomber participated in other twenty-seven fights against a famous boxing professional known as Ezzard…show more content… The highest tax rate was as low as seven percent. This was accompanied by a high exemption that kept a significant number of Americans off high tax remittance (Folsom, 2009). Notably, Louis started serious boxing at around the year 1931. During this period, the income tax was still low such that only around two percent of the American population qualified for the tax assessment. Therefore, when the professional boxer earned cash amounting to $371, 000, he took the initiative to help out not only his family but also his friends located in every part of the country. For instance, Louis took the initiative to refund the government some welfare that the government had remitted to his stepfather during the great depression. At a later date, the world heavyweight champion donated the property he owned to an elderly Indian. On top of this, Louis purchased uniforms for some black army
