The reasoning behind the proposed tax is unique, as it’s reportedly being floated in New York state budget discussions as a way to prevent fares from rising on the Metropolitan Transportation Authority’s New York City subway systems. This also wouldn’t be the first state to tax someone’s streaming bill Florida, North Carolina, Pennsylvania, and Washington are among the two dozen or so states that apply sales taxes on streamers. Under a proposed version of the budget submitted by the New York State Assembly, a 4 percent state sales tax would be applied to digital streaming products, which would result in, for example, $.80 charges on Netflix’s $19.99 per month premium subscription.Ī Netflix rep told IndieWire that a 4 percent local sales tax already applies to Netflix subscribers in New York. Per The Wall Street Journal, New York State lawmakers are considering putting the state sales tax on streaming services - such as Netflix, HBO Max, Hulu, and others - in the state’s new budget.
Quick, what’s the connection between Netflix and the New York City Subway? Aside from “you watch Netflix on your phone while on the way to work,” the right answer is “one might soon be paying for the other.”
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