California Cities Weigh “Netflix Tax” For Online Video Streaming

Thursday, December 8, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Dec 8, 2016

Government is on the verge of completely destroying the economy all because those in power are incapable of managing even a bubblegum machine, rages Armstrong Economics’ Martin Armstrong.

Local cities are desperate for money as their own pensions moving closer to collapsing.

Instead of dealing with the problem, of course, they always choose to just tax the stupid people.

Pasadena city officials are considering whether to tax subscribers of Netflix, Hulu, and other video streaming services under an existing municipal utility tax code that was initially designed for taxing cable television users. Sacramento and dozens of other California cities have similar codes that they are looking to use to tax video streaming. As NYTimes reports,

Dozens of California cities looking to shore up revenues are flirting with a new idea — tax your “Gilmore Girls” binge.

Pasadena was among the first to say publicly this fall that it wanted to tax video streaming services like Netflix, a step that could make up for lost tax revenue from growing numbers of cord-cutters.

At 9.4 percent, the so-called Netflix tax would treat streaming services as a traditional utility, the city said. If you use multiple services — for example, Hulu, Amazon Video and HBO — it would be added to each bill.

The Rest…HERE

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