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Century-Old Telecom Tax Fades Away
By Larry Hendrick | May 30, 2006
This is really good news. The Spanish-American war is finally paid for. Whewww! That was one expensive war at more then 400 Billion dollars.
This is one of the reasons why I am not anxious to have the government involved in the Muni WiFi project. If there is a way to mess up a program, or run the price up, while claiming to bring it down … well, enough said.
Technology News: Telecom : Century-Old Telecom Tax Fades Away
The U.S. Treasury said Thursday it will stop collecting a 108-year-old telecommunications tax assessed to support the brief Spanish-American War and offer tax refunds for the past three years.The 3 percent federal excise tax applied to all long-distance calls since 1898, when it was put in place at a time when only the wealthiest Americans had access to long-haul telephone services. President McKinley put the tax in place to help defray the cost of the Spanish-American War, which was sparked by the sinking of the Battleship Maine in Havana Harbor in February, 1898.
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