![TG1029b - 1953, 2 3/4oz Tobacco Strip, Series 123 TG1029b - 1953, 2 3/4oz Tobacco Strip, Series 123](https://cdn11.bigcommerce.com/s-9xwo1raw7u/images/stencil/500x659/products/81641/62243/USA-TG1029b__09935.1711078915.jpg?c=1)
1953, 2 1/4oz Tobacco Strip, Series 123
# TG1026a - 1953, 2 1/4oz Tobacco Strip, Series 123
$4.00
Tobacco Stamps- Neat Revenue Stamps, Missing from Many Collections! |
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In 1862, Congress began creating new taxes to help with the expense of fighting the Civil War. Taxes were typically added to products considered "sinful" - such as tobacco and alcohol. Stamps proving the tax had been paid - thus, "taxpaids" - began in 1868 for tobacco products. They were more formally known as "excise taxes." This was just one way government revenue was raised. | |
Along with taxing the sale of the products themselves, the U.S. government also began requiring a license for people or companies that created or sold these products. "Special Tax Stamps" indicating these licenses had been paid were first issued in 1873. |
Tobacco Stamps- Neat Revenue Stamps, Missing from Many Collections! |
|
In 1862, Congress began creating new taxes to help with the expense of fighting the Civil War. Taxes were typically added to products considered "sinful" - such as tobacco and alcohol. Stamps proving the tax had been paid - thus, "taxpaids" - began in 1868 for tobacco products. They were more formally known as "excise taxes." This was just one way government revenue was raised. | |
Along with taxing the sale of the products themselves, the U.S. government also began requiring a license for people or companies that created or sold these products. "Special Tax Stamps" indicating these licenses had been paid were first issued in 1873. |