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In 1875, the Internal revenue department issued a 2-cent revenue, depicting an allegory of Liberty. Printing of this issue continued into 1878. This was the first U.S. Revenue stamp to be issued that did not bear the portrait of George Washington. The Liberty issue was printed on silk bluish paper.
e. Stamp duty is a tax that is levied on single property purchases or documents (including, historically, the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions). A physical revenue stamp had to be attached to or impressed upon the document to show that stamp duty had been paid ...
e. An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of a property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT). An ad valorem tax may also be imposed annually, as in the case of a real or personal property tax, or ...
This is a list of the highest known prices paid for philatelic items, including stamps and covers. The current record price for a single stamp is US$ 9,480,000 paid for the British Guiana 1c magenta. [1][2] This list is ordered by consumer price index inflation-adjusted value (in bold) in millions of United States dollars in 2023. [note 1 ...
The first Washington–Franklin stamp issued was a two-cent red Washington-head, issued on November 16, 1908, to pay the first class postage on a standard letter. [6] The seven separate and distinct Washington–Franklin series appeared at intervals of a year or two and included denominations that ranged from 1-cent to 1 or 5 dollars, depending ...
A philatelic auction, or stamp auction, is a sale of stamps, covers and other philatelic material usually run by stamp dealers or specialist collectibles auctioneers, such as David Feldman, Christie's and Sotheby's, where prospective purchasers place bids in an attempt to obtain the desired items. The highest bidder for each lot (described item ...
Money portal. v. t. e. A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it. [1] Some economists favor LVT, arguing it does not cause economic inefficiency, and helps reduce economic inequality. [2]
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