What are Revenues?

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 1Pay a Documentary Tax

First IssuePaying the 5 certificate rate on a drawback certificate2Pay 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)3Pay a Documentary Tax

Stamp imprinted by the American Photo-type Co.2 tax on bank checkPayee is the patentee of the phototype process4Pay an Excise Tax

General tax on consumable goods, such as chewing gum, soap, tooth paste or powder, and patent medicinesNote the advertising value of the company name5Pay the Tax on Matches,Medicine, or Perfume

Private die proprietary stamps, printed to the company specificationsSymbols and portraits have marketing value6Pay 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 cancelsLater the stamps were denominated One Pack7Pay the Excise Tax on Beer

Alcoholic Beverages are a favorite object of taxation1866, the first revenue stamps printed by the Bureau of Engraving and Printing 8Pay the Excise Tax on Wine

The tax on wine depends upon the alcoholic content and whether it is a still or sparkling wineEarly wine stamps cancelled by R.H. Macy (the miracle on 34th Street)9Pay the Excise Taxon Distilled Spirits

Before 1950 the stamps were denominated in gallonsIn the early 1950's stamps were denominated in dollars and cents10Pay the Excise Taxon Cigarettes and Cigars

Standard cigarettes (Class A) and heavier cigarettes (Class B)Small cigarsStandard size cigars taxed by their retail price (Classes A - G)11Pay the Excise Tax on Snuff,Chewing, and Smoking Tobacco

Stamps are denominated by weightStamp format is based on packaging considerations12Pay the Excise Tax on Oleomargarine

In 1886 the tax was 4 per poundPurpose was to prevent fraud of moving oleomargarine into empty butter firkins!13Pay the Excise Tax onMixed Flour

Corn meal was being deceptively added to flour Like oleomargarine, this tax was to prevent fraudLaw also required that this be called Mixed Flour14Pay the Excise Taxon Medicinal Narcotic

Tax was 1 per ounceCompany produced provisional less than a month after the effective date of the tax15No Tax Paid on Beer

By 1872 brewers were permitted to move beer from the brewery to a (bonded) warehouse without paying the taxKeg with this stamp better not be found in a saloon!16Beer for Export No Tax Paid

Another legitimate reason for not paying the tax the product was being exported 17Tax Obligations Settled

Baggage inspectedIf dutiable or taxable items were declared or found, the import duties and internal revenue taxes have been paid.18