TITLE

Half an unfair levy is better than one

AUTHOR(S)
Johnson, Johna Till
PUB. DATE
June 2006
SOURCE
Network World;6/5/2006, Vol. 23 Issue 22, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article comments on the issue behind the abolition of the Federal Excise Tax in the U.S. Historically, FET, which was charged to telephone users, was enacted to pay for the cost of the Spanish-American War. The author stresses that the effort on the abolition of FET is credited much to the courts, which ruled against the Internal Revenue System after several lawsuits, and not solely to the U.S. congress. She implicates that its quite ironic for the Department of Treasury, which oversees the IRS, to laud the ruling. FET can be said to have been partly abolished because still tax on local calls is collected.
ACCESSION #
21101350

 

Related Articles

  • Tax abolished, but collection may linger. Pappalardo, Denise // Network World;6/5/2006, Vol. 23 Issue 22, p27 

    The article reports on the abolition of 3-percent tax on long distance calls by the U.S. Treasury Department. Historically wise, the federal excise tax was established in 1998 to finance the Spanish-American War. This include 3 percent levy on local and long distance calls. Now that the tax was...

  • Treasury Announces Executive Compensation Rules Under the Emergency Economic Stabilization Act.  // Venulex Legal Summaries;2008 Q4, Special section p1 

    The article presents the executive compensation rules under the Emergency Economic Stabilization Act of 2008 (EESA) announced by the Department of Treasury in the U.S. EESA places limits on executive compensation for financial institutions that are part of the Troubled Asset Relief Program...

  • Tax Reform in Plain English. Honest! Kinsley, Michael // Time;12/9/2002, Vol. 160 Issue 24, p58 

    Comments on the politics and outlook for tax reform in the United States. Topics of simplifying the tax code, tax subsidy, tax burden, and income tax statistics; View that one should be skeptical about tax incentives in free markets; Argument against incentives and for a tax rate of zero.

  • THE COMPLIANCE COST OF THE U.S. INDIVIDUAL INCOME TAX SYSTEM: A SECOND LOOK AFTER TAX REFORM***. Blumenthal, Marsha; Slemrod, Joel // National Tax Journal;Jun92, Vol. 45 Issue 2, p185 

    This article focuses on the compliance cost of the Tax Reform Act of 1986, the individual income tax system in the U.S. The Treasury Department emphasized the importance of simplification in its 1984 proposal entitled "Tax Reform for Fairness, Simplicity and Economic Growth." The capital gains...

  • The compliance cost of the U.S. individual income tax system: A second look after tax reform. Blumenthal, Marsha; Slemrod, Joel // National Tax Journal;Jun92, Vol. 45 Issue 2, p185 

    This article focuses on the compliance cost of the Tax Reform Act of 1986, the individual income tax system in the U.S. The Treasury Department emphasized the importance of simplification in its 1984 proposal entitled "Tax Reform for Fairness, Simplicity and Economic Growth." The capital gains...

  • Tax Chaos Hurts the Treasury Too.  // Saturday Evening Post;2/5/1944, Vol. 216 Issue 32, p96 

    Comments on the impact of income-tax returns reforms on the U.S. Department of the Treasury. Possible complications in the department with the Ruml Plan that have contributed to the fiscal chaos; Estimated number of unidentified payments for 1942 tax in the local offices of the Treasury; Need...

  • SURVIVING TAX SEASON. Fahmy, Dalia // Inc.;Jan2007, Vol. 29 Issue 1, p30 

    The article provides information on the changes in taxation in the U.S. The U.S Treasury Department has decided to discard the federal telephone excise tax. Deduction of 401k contributions from employee paychecks could be done by businesses autonatically. Tax disclosures on financial statements...

  • Tax Hikes and My Tax Return. Dale Jr., Edwin L. // New Republic;3/10/73, Vol. 168 Issue 10, p24 

    Presents the author's moderately conservative views on the tax reform debate in the U.S. Judgments on proposed tax reform items on the basis of what he thinks is best for the country, for equity and the economy; Pros and cons of proposed tax reform measures; Implications on taxation and fiscal...

  • Tax Reform: Déjà Vu All Over Again? Maybe Yes, Maybe No. Dicker, Eli J. // Tax Executive;Jul/Aug2005, Vol. 57 Issue 4, p334 

    Focuses on issues surrounding the reform of the U.S. Internal Revenue Code in an effort to promote growth and competitiveness. Role of the Treasury Department in the formulation of tax reform recommendations; Possible provisions of the reformed internal revenue law; Criteria for assessing the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics