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Postal rates to 1847. Initial United States postage rates were set by Congress as part of the Postal Service Act signed into law by President George Washington on February 20, 1792. The postal rate varied according to "distance zone", the distance a letter was to be carried from the post office where it entered the mail to its final destination.
Benjamin Franklin — George Washington The First U.S. Postage Stamps, issued 1847. The first stamp issues were authorized by an act of Congress and approved on March 3, 1847.[20] The earliest known use of the Franklin 5¢ is July 7, 1847, while the earliest known use of the Washington 10¢ is July 2, 1847.
A 20¢ Newfoundland stamp of 1928. The colony and later the dominion of Newfoundland had a 90-year history of issuing postage stamps. The first issues were in 1857. The last issue was in 1947, two years before Newfoundland joined the confederation. Newfoundland stamps remain valid for mail posted anywhere in Canada.
The U.S. Postal Service is raising postage costs for the second time this year. On July 9, the price of a first-class stamp will rise to 66 cents from 63 cents. In January, the price of first ...
The law was to become effective on July 1, 1898, leaving only seventeen days to produce the badly needed revenue stamps. In anticipation of the law's passage the Bureau of Engraving and Printing had already commenced work on the dies and printing plates for the new revenue stamps, however they were unable to issue the stamps when the law went ...
Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]).
The full eagle logo, used in various versions from 1970 to 1993. The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas and associated states.
Stamp duty was formerly a graduated progressive tax with more expensive the house bought the greater the stamp duty rate. The top rate slowly increased from 0.5% in 1882 to 3% in 1947, 5% in 1973, 6% in 1975, reaching its peak at 9% in 1997. [7] The budget of 2008 inaugurated a series of rate reductions.
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