In Cities Facing Budget Deficits, Cellphone Becomes a Taxpayer

Faced with tight budgets and insufficient tax revenues, many municipalities are stocking their coffers by taxing cellular phone service, reports the NY Times.

"Officials are particularly eager to tax cellphones because the amounts individuals pay each month are small enough to go virtually unnoticed, but in aggregate can be substantial.

Cellphone subscribers nationwide paid an estimated $17.8 billion in federal, state and local taxes last year."

emily | 9:02 AM | News, Buzz |
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