|
Search over 100 encyclopedias and dictionaries: |
Research categories | Follow us on Twitter |
Research categories
View all topics in the newsView all reference sources at Encyclopedia.com |
|||
stamp tax
stamp tax method of collecting duties on certain transactions by means of a validating stamp attached to the taxable instrument, which may be a judicial act, a commercial document, a transfer of property, or law proceedings. Such a stamp is to be distinguished from a postage stamp, which is not a duty but a simple method of paying the government for a service rendered. Stamp taxes, apparently originating in the Netherlands, were introduced into England in 1694 and extended to the American colonies in 1765. Colonial opposition to stamp taxes contributed to the hostility against England that eventually resulted in the American Revolution. In the United States, stamp taxes, applying not only to legal and commercial acts but also to goods, were used to finance the Civil War and the Spanish-American War. Today the federal government imposes stamp taxes on the issue and transfer of stocks and bonds, on deeds, and on playing cards.
|
|
|
Cite this article
"stamp tax." The Columbia Encyclopedia, 6th ed.. 2011. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "stamp tax." The Columbia Encyclopedia, 6th ed.. 2011. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1E1-stamptax.html "stamp tax." The Columbia Encyclopedia, 6th ed.. 2011. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1E1-stamptax.html |
|
Stamp Tax
STAMP TAXA pecuniary charge imposed upon certain transactions. A stamp tax is, for example, levied when ownership of real property is transferred. The tax is paid either by purchasing stamps that are then glued to the deed or by the use of metering machines that imprint the stamps on the deed. |
|
|
Cite this article
"Stamp Tax." West's Encyclopedia of American Law. 2005. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "Stamp Tax." West's Encyclopedia of American Law. 2005. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1G2-3437704132.html "Stamp Tax." West's Encyclopedia of American Law. 2005. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1G2-3437704132.html |
|
Search over 100 encyclopedias and dictionaries:
HighBeam™ Research, Inc. © Copyright 2012. All rights reserved.
The Encyclopedia.com advertising network includes:
