Cities Plot To Tax Streaming Content?
Hat tip to Richard Rider for warning of the latest tax raising scheme being worked on by some cities. They want to tax online streaming content as utilities. The City of Alameda seems to be at the forefront of this movement, as the San Francisco Chronicle's Debra Saunders explains.
How far they can go in succeeding with this is anyone's guess but, as Richard Rider points out: "From this point on, just about all new taxes in California are for underfunded pensions". They'll certainly want the money and look for any way of getting it.
We'll need to keep a close eye on our local city councils and Board of Supervisors for this idea to rear its ugly head here. I just hope that by posting about this, I'm not giving them the idea.