Thursday, May 25, 2006 :::
Via Government Bytes, comes news that the federal excise tax on long distance phone service is dead:
The U.S. Treasury Department today announced it is conceding the legal dispute over the federal excise tax on long-distance telephone service. The Department of Justice will no longer pursue litigation and the Internal Revenue Service (IRS) will issue refunds of tax on long-distance service for the past three years. Taxpayers will be able to apply for refunds on their 2006 tax forms, to be filed in 2007.
The tax was originally enacted to help fund the Spanish-American War. Meanwhile, Virginia businesses continue to pay the BPOL tax, originally established to fund the state's defense during the War of 1812.
Isn't it time to bring the boys home?
::: posted by Norman Leahy at 5/25/2006