Presentation is loading. Please wait.

Presentation is loading. Please wait.

What are Revenues? GOVERNMENTAL AUTHORITY 1. Federal 2. State 3. Local Municipality or School District.

Similar presentations


Presentation on theme: "What are Revenues? GOVERNMENTAL AUTHORITY 1. Federal 2. State 3. Local Municipality or School District."— Presentation transcript:

1 What are Revenues? GOVERNMENTAL AUTHORITY 1. Federal 2. State 3. Local Municipality or School District

2 Federal Authority 1792 Whiskey Rebellion Tax 113 gallons Distilled from foreign mater- ials (molasses), rum 11¢ per gallon

3 State Authority - Maryland Tax on wine, 20¢ per gallon Use of Pitney-Bowes meter

4 State Authority - Maryland Tax on wine, 20¢ per gallon Adhesive stamp Denominated by container size

5 Municipal Authority City of Baltimore Overprinted for ordinance 89 of 1951

6 Joint Authority School District and Township Paid tax of 1% of the selling price of the property Split equally between the school district and township

7 Federal, State, and School District Value of transaction, $15,400 Federal tax 55¢ per $500 = $17.05 State tax (1%)= $ School District (1%)= $154.00

8 Authorized, But Not Issued By Tax effective May 6 Stamps and tax crowns not available until May 15 Tax Paid inscription added to neck or body labels from May

9 Private Trade Association Denominated in cents “Tax” based on value of transaction NOT authorized by governmental body


Download ppt "What are Revenues? GOVERNMENTAL AUTHORITY 1. Federal 2. State 3. Local Municipality or School District."

Similar presentations


Ads by Google