Friday, August 04, 2006

iFlawed, Pass Gas, -and- Drive My Car

iFlawed - Apple may restate results amid probe
Pass Gas - spoof of Gore film linked to Exxon
Drive My Car - designated driver tossed from bar for not drinking

On this day in history: August 4, 1994 - Howard Stern withdraws his candidacy for governor of New York, ostensibly to avoid complying with the financial disclosure laws.

Born on this day in history: August 4, 1900 - Queen Mother Elizabeth (1900 - 2002) royalty. She was the wife of King George VI and mother of Queen Elizabeth II.

The Spanish-American War has been over for more than 100 years, and now so is the tax imposed in 1898 to help fund it. On Tuesday, August 8, 2006, all companies selling long-distance telephone service are legally required to eliminate the 3 percent federal excise tax on long-distance service, which had been established in 1898 as a luxury tax on wealthy Americans who owned telephones. Verizon Communications said it has stopped collecting the 3 percent federal excise tax on monthly consumer telephone bills for long-distance and bundled services.

After a long legal battle and strong urging from Congress, the Internal Revenue Service and the Department of the Treasury decided in May to discontinue the federal 3 percent excise tax on long-distance telephone service. It also decided not to apply the tax to wireless, voice over Internet Protocol service, prepaid telephone cards, and other bundled services. The IRS also said it would allow taxpayers to claim a refund in 2007 for taxes collected on those services retroactive to February 2003.