Feds cut off phone tax after 108 years

Yoo Ess Eh Today Dawt Com ^ | 5/26/2006 | Paul Davidson

[xrp]

Can't post because of copyright stuff and USAToday.com's hatred of Free Republic, so you just go to USAToday.com and look for the article.

[Young Werther]

Yeah, but then you would pay the Alternative Minimum Tax which was designed to "ding" rich folk.

Since it was not indexed for inflation, today the average two wage earner families are "DINGED" big time!

[Red Badger]

Admittedly, $48B isn't much in the great scheme of things. But, any money not in the hands of a bureaucrat will do much more good than evil. The government will find another source for their "lost" revenue. After all, tax cuts must be "PAID FOR" don'tcha know?..................

[Former Proud Canadian]

Hey, at this rate look for the income tax to be ended soon. It was instituted to finance WW I.

[Red Badger]

The AMT is an evil thing. The creation of evil minds. The child of evil people............

[cake_crumb]

"The bureaucrats will be whining.....and wringing their hands..and the media will express shock and demand another revenue stream because of......"

Disabled minority women and children hardest hit.

[Personal Responsibility]

And then the economy will do better and they will claim it has nothing to do with "tax cuts for the rich"

[cbkaty]

You forgot emergency room funding....they may have to stop treating gang-related injuries...gunshot wounds, beatings, stabbings, etc... Of course this affects the "UNINSURED".....

BWAHAHAHAHAHAHAHA...somebody stop me!

[theDentist]

Be prepared for a new 4% tax... from somewhere...

[King of Florida]

When did Sales Tax get implemented?

And when did property tax get started, for that matter? Mine went through the roof when I moved, not that I liked it all that much before.

[OB1kNOb]

Below is a previous post of mine. The article I reference indicates that sales taxes came into being during the Depression era. Hope this helps. - OB1

***************************************************

How do you pay property tax during a depression? (Vanity)

Posted by OB1kNOb to cripplecreek; tmp02
On General/Chat 05/15/2006 9:48:40 AM CDT · 17 of 45

Yes, they did pay property taxes during the depression but the default rate jumped dramatically. See This Article.

They had numerous tax revolts across the nation that put pressure on politicians to create tax limitation legislation, homestead exemptions, reductions in property value assessments etc.

The only problem was the local governments had to replace these lost taxes, so this is about the time you saw the beginning of state and local sales taxes. - OB1

[Alberta's Child]

Yeah, but one beautiful thing about the AMT is that it disproportionately affects high-priced metro areas where the salaries and cost of living are inflated -- like New York, Washington D.C., San Francisco, Boston, etc.

In other words, it's a tax that primarily affects Democrats.

Life is filled with ironies, ain't it?

[ridesthemiles]

That's $48Billion dollars that will circulate thru the economy instead of thru the bureaucracy...........""

$48 billion over what time period?
A Year?
The entire 108 years?

If it is $48 billion a year, then we are tusing the telephone WAAAAYYYYY too much.

[ridesthemiles]

Alot of people like me have moved over this time from 2003 to now.

How hard are they going to work to find us and give us whatever "refund" we are entitled to? What period does the refund cover?

[HamiltonJay]

Damn that Santorum for pushing to end this tax... damned liberal RINO.... Gotta sit on my hands this Novemember and make sure we don't send his libearl butt back to Washington.

[Old_Mil]

Well, this is a good sign. I suppose this means that we won't be seeing "temporary" guest worker status renewed for longer than 108 years for any given individual.

[KMJames]

...tax on long distance phone is gone...

This is a terrible thing. How are we going to pay for this tax cut?

[Red Badger]

I would imagine the majority of that $48B comes from teenaged girls...........

[Young Werther]

The Income Tax was first imposed during the Civil War and re-imposed during the First World War. So Maybe it is in the twilight of its existence!

I hope!

[kellynla]

I'd rather the Feds kept the 15 billion and build two walls;
one on the Mexican border and one on the Canadian.

[Cobra64]

How about federal income tax?

Sixteenth Amendment, 1913.Do you know what your taxes are, or just what is at the bottom of your pay stub?