income
- Created by: Grace Moorhouse
- Created on: 29-05-15 16:19
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- SOURCES OF AUGUSTUS' INCOME
- the word 'fisci' is used to reference Augustus' funds- the various fisci in the imperial provinces and his private patrimony.
- new systematic regulation of revenue
- censuses
- augustus took periodic censuses of people and property.
- annual statements
- augustus regularly published a balance sheet showing imperial income and expenses.
- minting of coins
- 15BC- aug set up an imperial mint in Gaul. after 12BC this produced all gold and silver coins for empire
- the senate was responsible for issuing bronze and copper coins from the mint in Rome- the coin types reflected Augustus' policies even though the had SC on ( senates consult).
- new taxes and methods of collection
- provincial tribute was still the chief source of direct income; land tax and poll and other forms of property tax
- augustus put more emphasis on indirect taxes to tap new sources of revenue- tax on sale and manumission f slaves, inheritance and sales tax.
- censuses
- treasuries
- fisci
- these were provincial chests or treasuries into which taxes were paid and from which money for military or administrative purposes was withdrawn- augustus could draw from all fisci.
- military treasury
- AD6- used for provision of veteran's pensions. it's funds came from inheritance and sales taxes. it was administered by 3 ex praetors for 3 years- but actual control was in hands of Augustus.
- public treasury
- 23BC- supervised by 2 annually elected praetors. in theory all taxes from the provinces went into this treasury but in practice only the surpluses from the fisci were transferred to Rome.
- public treasury was often short of funds for grain, water supplies, and roads- Augustus made large donations to it.
- 23BC- supervised by 2 annually elected praetors. in theory all taxes from the provinces went into this treasury but in practice only the surpluses from the fisci were transferred to Rome.
- fisci
- personal wealth
- inheritances- e.g. his father and his adoptive father.
- property- confiscated during proscriptions.
- treasures of egypt
- booty from war
- legacies from friends- Marcellus, Maecenas, Agrippa and others.
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