# R623 - 1953 4c US Internal Revenue Stamp - watermark, perf 11, carmine
Revenue Stamps- Complete Your Back-of-the-Book Section Today!
Revenue stamps, also called fiscal stamps, have been issued around the world since the 17th century to verify the payment of taxes or fees on everything from alcohol and tobacco to playing cards and hunting licenses. Not used for postage, these stamps often feature detailed, engraved designs, and some even contain anti-counterfeiting devices.
Revenue stamps can generally be divided into two broad categories: documentary and proprietary.
Documentary stamps pay taxes on transactions involving paper such as the issuing of licenses, banking transactions, stock transfers, taxes on sales transactions and legal documents.
Proprietary stamps are used to pay taxes on goods. They are often applied directly to the taxed item. They can be difficult to collect because they are often affixed to the product in such a way that opening or using the product destroys (cancels) the stamp thereby preventing reuse.
These historic pieces will make a great addition to your collection- order yours today.
Birth Of Albert Gallatin
Gallatin began his political career in 1789 as a member of the Pennsylvania state constitutional convention. The following year he was elected to the Pennsylvania General Assembly. In 1793, he was elected to the US Senate. He was removed shortly after due to protests that he’d not been a US citizen for at least nine years, as is required by law to hold that position.
With Thomas Jefferson’s election to president in 1801, Gallatin began a 13-year service as US secretary of the Treasury – the longest service of any person in this position. In this role, he successfully balanced the federal budget and was largely responsible for avoiding a tax increase following the Louisiana Purchase. He also helped map out the Lewis and Clark Exposition. Gallatin was key in resolving the constitutional issues that made this unprecedented purchase quite complicated. And he managed to cut the national debt from $80 million to $45 million.
Revenue Stamps- Complete Your Back-of-the-Book Section Today!
Revenue stamps, also called fiscal stamps, have been issued around the world since the 17th century to verify the payment of taxes or fees on everything from alcohol and tobacco to playing cards and hunting licenses. Not used for postage, these stamps often feature detailed, engraved designs, and some even contain anti-counterfeiting devices.
Revenue stamps can generally be divided into two broad categories: documentary and proprietary.
Documentary stamps pay taxes on transactions involving paper such as the issuing of licenses, banking transactions, stock transfers, taxes on sales transactions and legal documents.
Proprietary stamps are used to pay taxes on goods. They are often applied directly to the taxed item. They can be difficult to collect because they are often affixed to the product in such a way that opening or using the product destroys (cancels) the stamp thereby preventing reuse.
These historic pieces will make a great addition to your collection- order yours today.
Birth Of Albert Gallatin
Gallatin began his political career in 1789 as a member of the Pennsylvania state constitutional convention. The following year he was elected to the Pennsylvania General Assembly. In 1793, he was elected to the US Senate. He was removed shortly after due to protests that he’d not been a US citizen for at least nine years, as is required by law to hold that position.
With Thomas Jefferson’s election to president in 1801, Gallatin began a 13-year service as US secretary of the Treasury – the longest service of any person in this position. In this role, he successfully balanced the federal budget and was largely responsible for avoiding a tax increase following the Louisiana Purchase. He also helped map out the Lewis and Clark Exposition. Gallatin was key in resolving the constitutional issues that made this unprecedented purchase quite complicated. And he managed to cut the national debt from $80 million to $45 million.