Telephone Federal Excise Tax Law and Legal Definition
In 1898, Congress passed a 3% excise tax on telephone calls to raise the funding necessary to fight the Spanish-American War. At the time the tax was imposed, only 2,000 phone lines were operational in America. Today, over 90% of American households have telephone service.
This tax, now commonly referred to as the Spanish-American War tax, was made permanent in 1990, after 31 years of "phase outs" and was set at 3%. The tax was at its highest rates during and afterWorld War II. Between 1943 and 1954, the rate was a flat 25%.
Legal Definition list
- Telephone Exchange Service
- Telephone Disclosure and Dispute Resolution Act
- Telephone Consumer Protection Act
- Telephone Bank
- Teleological Construction
- Telephone Federal Excise Tax
- Telephone Federal Universal Service Fee Tax
- Telephone Hearing
- Telephone Minimum Usage Surcharge Tax
- Telephone Service
- Telephone Solicitation
Related Legal Terms
- Abatement of Tax
- Abatement of Tax Assessment
- Ability to Pay [Tax Law]
- Abusive Tax Shelter
- Accompanying the Federal Government Outside the United States
- Accounts Receivable Tax
- Accumulated Taxable Income
- Accumulated-Earnings Tax
- Active Voters [Federal Elections]
- Actuarial Documents [Federal Crop Insurance Corporation]
