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Designs for denominations 1-cent through 20-cents were simple, bearing a portrait of George Washington, while stamps with denominations 25-cents through 1-dollar are larger and have a more elaborate design and also designate the tax duty in a lower banner. Stamps with denominations of $1.30 were used to pay the tax duty for foreign exchange ...
Washington–Franklins. Wreath of Olive branches designs, issued 1908–1922. The Washington–Franklin Issues are a series of definitive U.S. Postage stamps depicting George Washington and Benjamin Franklin, issued by the U.S. Post Office between 1908 and 1922. The distinctive feature of this issue is that it employs only two engraved heads ...
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.
The 1869 Pictorial Issue is a series of definitive United States postage stamps released during the first weeks of the Grant administration. Ten types of stamp in denominations between one cent and ninety cents were initially offered in the series, with eight of these introduced on March 19 and 20, 1869 and the two greatest values being distributed somewhat later. [1]
National Philatelic Collection (United States) The National Philatelic Collection is a collection of nearly six million postage stamps, revenue stamps, and related items, owned by the United States Government and managed by the Smithsonian Institution. It is housed within the National Postal Museum and a portion of the collection is on display ...
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]).
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