Have you ever been annoyed by the amount of taxes and fees on your monthly phone bill? Now is your chance to claim a rebate and receive money back on something called the federal telephone excise tax.
After mounting pressure from Congress the Treasury Department announced it will no longer collect a 3% excise tax charged on all long distance phone calls. Furthermore it is offering what is being called The Telephone Excise Tax Refund- a refund available to you on your 2006 tax return.
This is regarded as the largest refund in history, affecting more than 160 million people.
What was the tax and where did it originate?
It was introduced 108 years ago- in 1898- to help finance the Spanish-American War.
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