Q:

What is a revenue stamp?

A:

Quick Answer

Revenue stamps were used to pay taxes on various items in the United States such as playing cards, tobacco and liquor and are still used in some countries. At one time Great Britain accepted the same stamps for postage or revenue taxes.

Know More
What is a revenue stamp?
Credit: Ulrich Baumgarten / Contributor Ulrich Baumgarten Getty Images

Full Answer

Revenue stamps are prized by some stamp collectors but are not as popular as postage stamps. The largest use of revenue stamps was in the 1800s and early 1900s, with the first known stamps issued in the 1620s in the Netherlands. The use of revenue stamps has been reduced in current times with the increased use of computerized systems and other technology, but they are still used in some parts of the world.


Is this answer helpful?

Similar Questions

  • Q:

    What is total revenue-total cost approach?

    A:

    According to finance author and expert Tiffany C. Wright for AZ Central, total revenue-total cost is an accounting method often used by companies to maximize profits. This method assumes perfect competitive conditions and comprises all costs, including production and accounting-recognized costs.

    Full Answer >
    Filed Under:
  • Q:

    How do you calculate sales revenue?

    A:

    To calculate sales revenue, verify the prices of the units and the number of units sold. Multiply the selling price by the number of units sold, and add the revenue for each unit together.

    Full Answer >
    Filed Under:
  • Q:

    What is a marginal revenue function?

    A:

    The marginal revenue function in economics refers to the increase in revenue resulting from the sale of one additional unit of output. Marginal revenue is calculated by dividing the change in revenue by the change in output. While the marginal revenue function can remain constant over a specific level of output, it follows the law of diminishing returns. As a result, marginal revenue tapers off as output increases.

    Full Answer >
    Filed Under:
  • Q:

    What is annual business revenue?

    A:

    The annual business revenue is how much money a company generates in a year, whether from sales or interest from investment. Companies must keep up with annual revenue as it is a number used for tax purposes.

    Full Answer >
    Filed Under:

Explore