What are Revenues?
PURPOSE
1. Pay a tax or not2. Pay a fee for service3. Show a credit4. Occupational Taxes5. Insure that proper tax will be
paid
Pay a Documentary Tax
First Issue Paying the 5¢
certificate rate on a drawback certificate
Pay a Specified Documentary Tax
Future Delivery (futures contracts)
Stock Transfer (for use on the stock exchanges)
Silver Tax (50% of the profit from an investment in silver)
Pay a Documentary Tax
Stamp imprinted by the American Photo-type Co.
2¢ tax on bank check
Payee is the patentee of the phototype process
Pay an Excise Tax
General tax on consumable goods, such as chewing gum, soap, tooth paste or powder, and patent medicines
Note the advertising value of the company name
Pay the Tax on Matches,Medicine, or Perfume
Private die proprietary stamps, printed to the company specifications
Symbols and portraits have marketing value
Pay the Tax ona Pack of Playing Cards
In 1917 the tax was raised to 7¢ and the companies added the new rate as part of their cancels
Later the stamps were denominated “One Pack”
Pay the Excise Tax on Beer
Alcoholic Beverages are a favorite object of taxation
1866, the first revenue stamps printed by the Bureau of Engraving and Printing
Pay the Excise Tax on Wine
The tax on wine depends upon the alcoholic content and whether it is a still or sparkling wine
Early wine stamps cancelled by R.H. Macy (the miracle on 34th Street)
Pay the Excise Taxon Distilled Spirits
Before 1950 the stamps were denominated in gallons
In the early 1950's stamps were denominated in dollars and cents
Pay the Excise Taxon Cigarettes and Cigars
Standard cigarettes (Class A) and heavier cigarettes (Class B)
Small cigars Standard size
cigars taxed by their retail price (Classes A - G)
Pay the Excise Tax on Snuff,Chewing, and Smoking Tobacco
Stamps are denominated by weight
Stamp format is based on packaging considerations
Pay the Excise Tax on Oleomargarine
In 1886 the tax was 4¢ per pound
Purpose was to prevent fraud of moving oleomargarine into empty butter firkins!
Pay the Excise Tax onMixed Flour
Corn meal was being deceptively added to flour
Like oleomargarine, this tax was to prevent fraud
Law also required that this be called Mixed Flour
Pay the Excise Taxon Medicinal Narcotic
Tax was 1¢ per ounce
Company produced provisional less than a month after the effective date of the tax
No Tax Paid on Beer
By 1872 brewers were permitted to move beer from the brewery to a (bonded) warehouse without paying the tax
Keg with this stamp better not be found in a saloon!
Beer for Export — No Tax Paid
Another legitimate reason for not paying the tax – the product was being exported
Tax Obligations Settled
Baggage inspected If dutiable or
taxable items were declared or found, the import duties and internal revenue taxes have been paid.