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Tax Token?? [Cool History!] #shorts #old #token

Thompson Coin u0026 Stamp Collecting 112 views

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@ThompsonCoinAndStamp
 More in depth—brSales tax tokens are fractional cent devices that were used to pay sales tax on very small purchases in many American states during the years of the Great Depression They were created as a means for consumers to avoid being "overcharged" by having to pay a full penny tax on purchases of 5 or 10 cents Issued by private firms, by municipalities, and by twelve state governments, sales tax tokens were generally issued in multiples of 1 mill (1⁄10 cent)brbrThe twelve states that issued these sales tax tokens were Alabama, Arizona, Colorado, Illinois, Kansas, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, Utah, and WashingtonbrbrSales tax tokens were generally regarded as a nuisance by consumers and were replaced in fairly short order by the bracket system of sales tax collection, which averaged out the tax on small sales[6] By the end of the 1930s token use was eliminated in most of the issuing states, with sales tax tokens lingering in Missouri until late in the 1940sbrbrTax tokens were issued in a variety of materials, including cardboard, brass, bronze, aluminum, pressed cotton fiber, and plastic
Comment from : @ThompsonCoinAndStamp


@johnnyb3126
 Very nice 🙂
Comment from : @johnnyb3126

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