It’s gonna happen…
New York governor, David Paterson, unveiled his budget. He’s recommending tax increases (or new taxes altogether) on all kinds of stuff. Here’s a list of some of the new taxes I found in this article:
An “iPod tax” that charges state and local sales tax for “digitally delivered entertainment services” – in other words, that new Beyonce song you download.
State sales tax at movie theaters, sporting events, taxis, buses, limousines and cable and satellite TV and radio.
Costlier driving with the repeal of the 8-cents-per-gallon sales tax cap on motor and diesel motor fuel, plus and increase in the auto rental tax.
Tuition increases at SUNY and CUNY, $620 and $600 a year respectively.
A 50 cent tax on cigars. The current tax is equal to 37% of the wholesale price, or 34 cents a cigar.
No more sales tax break on clothes and shoes worth $110 or less, except during two weeks a year.
Higher taxes on wine, beer and flavored malt beverages. He would also impose an 18% tax on non-nutritional drinks like soda.
The rich would pay more for luxury items through an additional 5% tax imposed on cars costing more than $60,000, aircraft costing more than $500,000, yachts costing at least $200,000 and jewelry and furs costing in excess of $20,000.
In addition, a host of a fees, including those related to motor vehicle licensing and registration, parks and auto insurance, would go up, as would various state-imposed fines.
You watch. People will drive over to New Jersey to buy their Coke.
Couldn’t picking and choosing various items to tax more than others be considered discriminatory? Also, what happens after the state overcomes their budget crisis? Will they drop these silly taxes? My guess is no. Once they get a taste of that money coming in, they’ll spend it!
What are your thoughts on Governor Paterson’s proposed budget? Is he crazy or on the right track?