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Thursday Trivia

By FederalDaily Staff

Blog archive

Luxury tax history

Which of the following was first taxed as a luxury in 1898 and continues to be taxed today?

A. the radio
B. the automobile
C. the telephone
D. the phonograph

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Answer: C, the telephone

Source: irs.gov

Posted by FederalDaily Staff on Dec 14, 2017 at 2:33 AM

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