Save 25% on Mugs, Totes, and Spiral Notebooks. Use WAKEANDSAVE

Just a Small Token

TeresaB

Winlock, United States

  • Available
    Products
    12
  • Artist
    Notes
  • Artwork Comments 10

Cases & Skins

Wall Art

Home Decor

Bags

Stationery

Artist's Description

Per Pullman.com
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.
“Coinlike” tax tokens were issued by twelve different states (Alabama, Arizona, Colorado, Illinois, Kansas, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, Utah, and Washington state). Tokens were made of aluminum, copper, zinc, brass, plastic (in several colors), fiber, cardboard, and paper. 1 and 5 mills are the most common denominations, but other denominations include: 1/5 cent, 1 1/2 mills, and “Tax on 10c or less.”
Taken in my home near Winlock Washington (USA)
Nikon D300 ~ 105mm lens
f/36 1/10s ISO 1250

Featured:It’s in the detail…5-7-11
Featured:Nostalgic Art and Photography 5-9-11

Artwork Comments

  • Wendi Donaldson Laird
  • TeresaB
  • Monnie Ryan
  • TeresaB
  • Carol2
  • TeresaB
  • GemmaWiseman
  • TeresaB
  • Heps
  • TeresaB
desktop tablet-landscape content-width tablet-portrait workstream-4-across phone-landscape phone-portrait
desktop tablet-landscape content-width tablet-portrait workstream-4-across phone-landscape phone-portrait

10% off

for joining the Redbubble mailing list

Receive exclusive deals and awesome artist news and content right to your inbox. Free for your convenience.