United States revenue stamps for the motor vehicle use tax were used from February 1942 through June 1946. During World War II, there were serious wartime shortages, including gasoline. The US government imposed the motor vehicle use tax to encourage people to use public transportation and to help pay for the war efforts. The cost for these stamps were 42 cents per month or $5 per year. These stamps were placed on the inside windshield as evidence of the payment of such tax. These stamps were expensive considering the national minimal wage was 52 cents per hour.
0 Comments
Leave a Reply. |
We're Here to HelpGet advice from our experienced network of financial managers. If you Value our Blog, We have an ask.We spend hours researching data to help you understand your finances and taxes, including historical context, issues, and solutions. Our goal is to empower people to improve their relationship with money. Please consider a $3 donation today. Important Disclosures
Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances. AuthorKeana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients. |