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So, What's Going On With This Pre-Tax-Dated Check?

 
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Pillar Of The Community
United States
6433 Posts
Posted 12/23/2023   2:31 pm  Show Profile Check revenuecollector's eBay Listings Bookmark this topic Add revenuecollector to your friends list Get a Link to this Message
The implementation dates for taxes make for interesting transaction documents, both immediately before and after that date. This IMO is one of them.

Check written on June 6, 1898. First day of tax was July 1, 1898. Presumably this was presented for payment on or after July 1 (see date stamp on reverse), so 2 cents tax was due. I initially thought that the person at the bank retroactively dated the tax stamp to align with the original date the check was written, rather than the date presented for payment.

But... the initials and hand on the stamp are those of the original signer of the check, not the recipient or a third party.

Presumably these stamps were not available on June 6, nor would there have been any reason to affix a revenue stamp at that time.

So... what's going on here? Recipient went to cash/deposit the check, was told there would be 2 cents tax due, so instead the recipient took the check back to the writer, got them to pay for and affix the tax stamp, and it was then re-presented for payment?

Or check writer forgot it was now July rather than June when he wrote the check?

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Edited by revenuecollector - 12/23/2023 2:32 pm

Bedrock Of The Community
United States
10627 Posts
Posted 12/23/2023   2:38 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
I just looked at the 1898 laws (I have an original set), and there is nothing at all relating to paying any taxes by backdating. It seems likely that the writer of the check simply wrote June instead of July in error. The backstamp is July 7, which would tend to support this. Fun item, though.
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