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Done paying for the War!

Discussion in 'BBS Hangout: Debate & Discussion' started by Major, May 25, 2006.

  1. Major

    Major Member

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    This is not D&D material, but my cheesy title is, so here it is.

    http://money.cnn.com/2006/05/25/news/telephonetax_refund/index.htm



    Treasury Dept. concedes a Spanish-American War tax on long-distance service is antiquated and consumers are entitled to a refund.


    NEW YORK (CNNMoney.com) - After losing several court battles, the U.S. Treasury on Thursday said it would provide refunds to consumers for a federal excise "luxury" tax on long-distance service, the origins of which date back to 1898 to help pay for the Spanish-American War.

    The refund will apply to the 3 percent excise tax billed to them on long-distance service since Feb. 28, 2003 and will include interest. Consumers will be able to claim it on their 2006 tax returns, which they will file in 2007.

    "Today is a good day for American taxpayers; it marks the beginning of the end of an outdated , antiquated tax that has survived a century beyond its original purpose, and by now should have been ancient history," said Treasury Secretary John Snow in a statement.

    "The Federal Appeals courts have spoken across the board. It's time to 'disconnect' this tax and put it on the permanent 'do not call' list," Snow added.

    The tax was passed in 1898, when there was no federal income tax and telephone service was something that only the rich had access to. It was designed as a luxury tax to help the government during a time of high military spending.

    Since then, it has become a good revenue generator for the Treasury, raising $5.9 billion in 2005.

     
  2. JuanValdez

    JuanValdez Member

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    If the tax has been around since 1898, why are we only getting refunds from 2003 forward?

    Terrible. Just terrible. He needs to hire Another Brother to write his jokes for him.

    Edit: to fix terrible grammar.
     
    #2 JuanValdez, May 25, 2006
    Last edited: May 25, 2006
  3. MadMax

    MadMax Member

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    statute of limitations??? :D
     
  4. A-Train

    A-Train Member

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    Since the tax helped pay for a war against Spain, I think everybody of Spanish descent should also get reparations for the pain an anguish that their ancestors had to go through
     
  5. HayesStreet

    HayesStreet Member

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    You kidding? They lost! Everyone of Spanish decent should have to make up the difference to the rest of us. ;)
     
  6. Sishir Chang

    Sishir Chang Member

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    Since we ended up occupying Cuba and the Phillipines reparations should be paid to those two countries.
     

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