New York State Proposes New Taxes On 2 Popular Conveniences
Get ready to possibly pay a little more for the 2 creature comforts you use the most.
Chances are over the years you have cut the cord from cable television to save some money in your monthly budget. Then you most likely subscribed to a streaming service or two to fill the entertainment void. I am also 99.9% sure at some point you have shopped on Amazon or another online retailer to have items shipped to your home. If New York lawmakers get their way, both could be costing you a little bit more in the near future.
NY State Assembly Proposes Streaming & Delivery Taxes
Yes, that Netflix service you subscribe to or those Amazon deliveries could be a little more costly in the near future. The New York State Assembly is going through the budgeting process right now and is proposing 2 new taxes according to Spectrum News:
Streaming Tax
A 4% state sales tax and a 4% local sales tax on all streaming products including TV, music, gaming, audiobooks, and podcasts.
Delivery Fee Tax
A 25 cent per charge delivery fee for all online and in-store delivery purchases (Excludes medical items, food, diapers, and formula)
So why the proposed tax you ask? Lawmakers are looking to raise more funds for mass transit in the state.
Improving our mass transit system in the state is certainly a worthy cause. We could use more options to move about the state without having to drive.
But here's a novel idea - instead of adding another new tax any time such a project comes up, how about budgeting the piles of taxes we are already paying to make it happen? Just an idea ;).
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