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April 16, 2006

US may end phone tax

source

Who knew that the federal excise tax on phone service was created to help pay the costs of the Spanish-American war? Not i. The good news is that it might be eliminated, or will it just be renamed the way to repay the iraq-us war?

"The Treasury Department, following a series of hostile court rulings on the way it assesses the federal excise tax on phone service, is working on a plan to stop collecting the levy and refund billions of dollars to consumers and businesses, according to people familiar with the matter."

Posted by lrw at April 16, 2006 10:03 PM

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