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Originally Posted by Thymeclock
That's just the income tax portion. There are many other taxes, both hidden and overt that we are paying. Did you read some of our other posts that enumerated them?
How about my paying $13.06 in tax on phone bill of $18.68? The bill I cited is fact, not fiction. The taxes and surcharges total a rate of 70%!
Or is it that some folks are so accustomed to paying exorbitant taxes that they just don't want to face it, and consider it "the cost of doing business"?
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Not quite. According to the FCC:
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Charge for Network Access (Subscriber Line Charge):
This charge covers the costs of the local phone network. This charge may appear as “FCC Charge for Network Access,” “Federal Line Cost Charge,” “Interstate Access Charge,” “Federal Access Charge,” “Interstate Single Line Charge,” “Customer Line Charge” or “FCC-Approved Customer Line Charge.” The FCC sets the maximum allowable Federal Subscriber Line Charge. This is not a government charge or tax, and it does not end up in the U.S. treasury.
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So, basically, Verizon is passing along part of the cost of their network and making it look like a tax. The FCC mandates the maximum amount that they're allowed to hide this way, hence "FCC Line Charge."
If you put that $6.38 charge in the bill where it belongs, you're paying $6.68 in taxes on a bill of $25.06, or 27%.