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video from todays hunt
- Thread starter Goes4ever
- Start date
Nice job on the video as always.
I've found several Alabama tax tokens. Here's some more info on them:
Tax Tokens
w
I've found several Alabama tax tokens. Here's some more info on them:
Tax Tokens
w
Tax Tokens represent the introduction of sales tax. During the Great Depression, 12 States decided they could raise revenue by implementing a sales tax. Missouri was the first State to introduce them, (1935) and last State to stop using them. (1961) Sales tax levels ranged from 1% to 3%. Tax Tokens came in different denominations. If you look inside the image of the State of Missouri, you'll see a number 1. This number represents how many "mills" the token is worth. Each "mill" represents 1/10th cent. So your token would be used to pay 1/10th cent tax. For example, you make a purchase for $1.10 in a State that had a 1% sales tax. You'd have to pay $1.10 for the goods and a penny plus this 1 mill token for the tax. Without tokens, making a purchase of less than a dollar resulted in "no way" to pay the sales tax without cheating either the buyer or the seller because you know the State was going to get their money! The token you found is most likely made of zinc. They also had tax tokens made of cardboard and plastic. HH Randy
tony (Orlando FL)
New member
Wayne, thanks for the tax token info-
I found this a long while back, seems to be made of aluminum. Afraid to clean it, hope you can read it.
I found this a long while back, seems to be made of aluminum. Afraid to clean it, hope you can read it.
They introduced them in the mid 1930's. And, if I recall correctly, Missouri switched to a fiber or plastic in the early 1940's. The reason they switched to plastic in the early 40's was due to metal (Zinc in the case of Missouri) being used in the War effort. HH Randy