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.