21 June 2006

Down With Taxes!

An excise first imposed in 1898 will be stricken from the books as of July 31st of this year! The tax began as a source of funding for the Spanish American War and charged a 3% tax on long distance phone calls based upon distance (miles) not minutes (as calls a currently measured in)!

The tax has been charged to both cell phone users and landline long distance users (I am not sure about VOIP), so expect a little extra in your tax refund next year... or less to pay in if you are so unlucky.

For more information:
IRS
WebCPA

1 comment:

Andy said...

Sweet! Looks like I'm going to be eligible for a tax refund! Take that you cellphone users!