[Rhodes22-list] 2007 Tax Return

[stan]

Ah, we are in agreement.  There should be no taxes on corporations, no toll 
roads, no sales taxes, no phone taxes etc. and etc., not even on cigarettes 
or playing cards.  Only an income tax, nothing else - and there we should 
tax the hell out of the rich.  The bureaucratic savings from not having all 
those other tax collecting departments would make the income tax increase, 
needed to make up for the short fall (if any), small.

Join the EC party.

ss

----- Original Message ----- 
From: "brad haslett" <flybrad at yahoo.com>
To: <rhodes22-list at rhodes22.org>
Sent: Friday, May 26, 2006 12:13 AM
Subject: [Rhodes22-list] 2007 Tax Return


> Good news folks.  The IRS threw in the towel on the 3%
> Federal excise tax on long distance calls.  This tax
> was started in 1898 during the Spanish-American war as
> a "luxury tax" because only rich people had
> telephones.  Think about this the next time you hear
> the the "tax the rich" trumpet blow. It took what, a
> 108 years to correct this? Here's the US Treasury link
> and the IRS and their press releases:
>
> http://www.ustreas.gov/press/releases/js4287.htm
>
> http://www.irs.gov/newsroom/article/0,,id=157706,00.html
>
>
>
> May 25, 2006
> js-4287
>
> Treasury Announces End to Long-Distance Telephone
> Excise Tax
>
> WASHINGTON, DC - 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.
>
> Treasury Secretary John Snow states, "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 the end of an outdated, antiquated tax that has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.
>
> "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.
>
> "In addition to ending the litigation, I would like
> to call on Congress to terminate the remainder of this
> antique tax by repealing the excise tax on local
> service as well."
>
> Key Facts Regarding Tax Refunds:
>
>  No immediate action is required by taxpayers.
> Refunds will be a part of 2006 tax returns filed in
> 2007.
> Refund claims will cover all excise tax paid on
> long-distance service over the last three years (time
> allowed given statute of limitations). Interest will
> be paid on refunds.
> The IRS is working on a simplified method for
> individuals to use to claim a refund on their 2006 tax
> returns.
> Refunds will not include tax paid on local telephone
> service, which was not involved in the litigation.
> Originally established in 1898 as a "luxury" tax on
> wealthy Americans who owned telephones, the federal
> excise tax on telephone calls is not compatible with
> today's modern information-age society.
>
>
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