No Daniel Shays did not died in the Shays's Rebellion. After his rebellion fail, he was condamened to a death penalty. Even tho others of his rebellion were granted forgivenes â¦ s, Daniel Shays was not one of them because the govenment was very scared of him and what he was capable of doing.
Margin debt started spiking in January 1999 and in March 2000 hit a record of $278.5 billion, or 2.66% of GDP. That very month, stocks began their epic collapse, which, after 28 months of cliff dives and sucker rallies, left the S&P 500 down 45% and the Nasdaq nearly 80%!
The Commissioner also attributed $10,850 in discharge of indebtedness income to the company in 1935. The Tax Court held for the company on both issues. As to the $10,850 of compromised debt, the Court held that it was not discharged debt, but a compromise of contested and doubtful debt.