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First produced in 1935, sales tax tokens were used to make change for sales tax paid. Missouri was one of only 12 states to employ this practice. After a few years, both retailers and the public found their use to be too much trouble, and they were discontinued. Each of these tokes is about 7/8" in diameter. One is pierced in the center and reads. "5 Missouri 5 Receipt, with the map of Missouri in the center and the words, " Sales Tax" on the map. The same design is on the reverse. The other one, not pierced, reads, " Missouri Sales Tax Receipt" around the outside, with the map of the state in the middle and 1 in the center of the map. It is marked same way on revers.
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What years were Missouri sales tax tokens used?
The state of Missouri began using cardboard or milk cap tokens in 1935. In years to follow they changed to metal coins the size of nickels. During the war when metal became scarce they went to plastic. From1935 till 1961 the value of these tokens were either .001 or. 005 of a sent. Answer tokens were used in Missouri from 1935 till 1961. Being the state to use them the longest.
What is the inheritance tax rate in Missouri?
Missouri does not have an Inheritance Tax. The law was repealed as of 1981
What were one fifth cent Colorado tax token used for?
The tokens were used for sales tax when the tax amounted to less than a penny.
How do I print Missouri State Tax Form?
how doe I print Missouri state income tax form
I need missouri estimated state tax forms for 2011?
I need estimated missouri state tax forms for 2011 i nned mississippi tax form
What sales tax do you use if you live in Illinois and buy in Missouri?
If you are at a store in Missouri and buy something it is Missouri tax. If you buy it on the internet and it is shipped you are charged neither of the "states'" tax. It is basically not taxed since the federal government doesn't have sales tax at this time.
How old is Jay Siegel of the Tokens?
81
If you live in Missouri and buy a car from Illinois do you have to pay sales tax in Missouri?
No, but you will have to pay for the registration in Missouri.
Where do you find 2008 Missouri Tax Tables on the internet?
Missouri state taxation department.
What was the Oklahoma tax check coin used for?
Sales tax tokens were made in great quantities starting in 1935 in order to give change for sales taxes. Sales tax resulted in the final price of items having fractions of a cent. For example, purchase of a $1.25 item, taxed at 3%, would cost $1.2875, or $1.28 and 3/4c. What to do? Rounding up to $1.29 would result in a "unfair" profit to the seller of 1/4c, but rounding down would be unfair to the seller by reducing the profit by 3/4c. The solution was to provide tokens denominated in fractions of a cent, or "mills" (1 mill = 1/1000 of a dollar, or 1/10 of a cent). So in the above example, the customer would pay $1.29 and receive 2.5 mills in tax tokens as change. If the next purchase came to $3.4325, the customer could pay $3.43 plus the 2.5 mills in tax tokens. As you can imagine, people did not like having to carry a second set of coins, and to further complicate matters, different states issued different tax tokens. The use of tax tokens declined and was finally discontinued in 1961, and people basically decided not to worry about fractions of a cent.
Are old tokens for slot machines of any value?
Only to a small number of people who collect stuff like that. Your best bet is to go on eBay and see if old tokens are selling.
How long does it take to get Missouri state refund?
You can check the status of your Missouri State tax refund online at the Missouri Department of Revenue website. You will need to know the primary Social Security Number, the filing status, and the exact amount of your anticipated Missouri State tax refund. Click below to check the status of your Missouri State tax refund: Missouri State Tax Refund Status NOTE: You will need to copy and paste the below we address in your browser address bar Click on the below Related Link
