New Taxes in New York Include...Submitted by Michael Nystrom on Tue, 12/16/2008 - 23:18
As if the economy isn't slow enough already, the following new taxes in New Yorkshould really kill demand.
- 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. And 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.