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The aerarium militare was the military treasury of Imperial Rome.It was instituted by Augustus, the first Roman emperor, as a "permanent revenue source" [1] for pensions (praemia) for veterans of the Imperial Roman army.
Besides creating the fiscus, Augustus also established in AD 6 a military treasury (aerarium militare) as a fund for veterans' retirement benefits. It was first endowed by 170 million sesterces of the emperor's own funds, supported by new taxes, a five per cent inheritance tax and a one per cent sales tax on auctions.
[1] [2] Gold of Tolosa: Legend 106 BC: A treasure hoard seized by the ancient Roman proconsul Quintus Servilius Caepio from the Volcae town of Tolosa, modern-day Toulouse. Menorah from the Second Temple: Confirmed 191
Emperor Augustus began the practice of granting retired soldiers a benefit known as the missio nummaria which gave soldiers financial compensation. Legionaries could earn the equivalent of 10 to 13 years of their wages from this. Another benefit was a land grant known as the missio agraria. [3]
When it comes to personal finances, few things are as important as saving for retirement. Unfortunately, many Americans are behind on their saving goals - and some have abandoned their retirement
Florida is the best overall state for retirees. It also has 21 military bases, making it pretty easy for veterans to get to a VA hospital when they need medical care, and a slew of organizations ...
The best preserved and earliest treasury is that dedicated by Sicyon. The most recent treasury discovered is that of Syracuse. It was built to celebrate the victory over Carthage in 480 BC. West to east the treasuries were dedicated by: Sicyon, Syracuse, Byzantion, Sybaris, Cyrene, Selinus, Metapontium, Megara and Gela.
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