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Now I know this is going to be hard to believe but the US Government just ended a tax. No they did not cut a tax, reduce a tax or cap the growth of a tax they flat out ended it as in gone, no more and perhaps never to return. Better yet we are all getting the total tax we paid for this tax over the past three years back when we file our 2006 tax returns.

To make this more unbelieveable this was not some new tax that just popped up and was pushed away no it was a tax that was over ONE HUNDRED YEARS old. In fact 108 years old to be exact a tax that’s orginal purpose was to help fund of all things the Spanish-American War.

So what is this tax we can all stop paying? The Federal Excise Tax on Long Distance services which will save most people a small ammount of money estimated at about 18 dollars a year. For heavy users of long distance this will be quite a bit bigger.

There are even some rumblings on capital hill that more taxes will be removed in time from local phone service as Treasury Secretary John Snow has asked congress to consider this. You can learn more about this issue in a New York Daily News article called What end of long-distance tax means for you.

Jack

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