Friday, September 02, 2005

Fishermen Less Taxed ..Tea Party Canceled

As if the price of gas wasn't enough, did you know that in 1950 congress passed a law that mandated a 10% excise tax on all fishing rods and reels? In 1984 they sneakily extended the tax to all types of fishing tackle. This means that on that shiny new $400 rod with the $300 reel, $70 in taxes were being passed on to you. Well fret no more my oppressed angling brethren. POTUS has signed into law the Federal Highway bill which includes a measure to cap the Federal Excise Tax at $10.00 on fishing equipment. WTG Free Trade! (news release via the AFFTA website)

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