Funding the Spanish-American War no more: Goodbye to a 108-year old tax

With a growing economy a tax once designed to stick it to "the rich" stands a decent chance of eventually sticking everybody.

During the Spanish-American War Congress imposed a temporary 3% "luxury" tax on everyones long distance telephone bills.

Finally 108 years later, after repeated court losses the IRS is conceding and is discontinuing collection of the tax. Additionally they must now refund, with interest, the 3% improperly collected since February 28, 2003.

—Michael A. Cleverly
Thursday, May 25, 2006 at 18:34