Federal Excise Tax - The War is Over!!!
How many of you pay attention to your wireless bill each month? Did you ever wonder or show concern for that section that says "Taxes, Fees and Surcharges"?
The Federal Excise Tax or FET was first instituted in 1898 to finance the Spanish-American War. Each month there is a 3% tax added to the bill of every wireless user in America. I'm sorry... do they not know that the war is over? An article posted last year from USA Today mentions that the general excise tax has so far cost consumers about $300 billion. The entire Spanish-American War cost only about $6 billion, adjusted for inflation.
“Today’s wireless user is buried under a heap of taxes and fees. The average wireless subscriber in America pays more than 17% of his or her monthly bill in taxes and fees. That’s nothing short of outrageous. The fact that government is punishing citizens who choose to make their lives more productive, efficient and enjoyable through innovative wireless technology makes no sense at all.” CTIA President and CEO Steve Largent
According to MyWireless.org wireless consumers may currently seek a refund for up to 36 months of past taxes. However, one refund claim form is required for each calendar quarter (up to 3 months) of bills. Man its a good thing I have all of my bills from day one.