Thursday, December 18, 2008

Obamonics Hits New York: 137 New Taxes

Don't worry Obama will save. Don't you know, he is all about change you can believe in. Well Americans better wake up, because if what just happened in New York is any indication, 'Change' is about all you will have after 4 years of Obama.

The Gov. Paterson of NY, presented his tax increase plan which is thought to raise over $121 billion in revenues, and taxes everything under the sun.

According to the NY Post: " The Draconian plan calls for:
* An "iTunes tax" of 4 percent on videos, music or pictures downloaded from the Internet.
* A 4 percent tax on taxi, limo and bus rides. That means a $10 cab ride would cost 40 cents more.
* A 4 percent entertainment tax on tickets to movies, concerts and sporting events. That would add nearly 50 cents to a $12 movie ticket or $1.80 to the cheapest $44.50 seat at a Knicks game.
* The tax on beer increases 24 cents per gallon, or more than double the current rate, which means about 30 cents a case.
* An 18 percent tax on non-diet soft drinks, which aims to reduce child obesity. A $1.50 can of Pepsi would then cost at least 25 cents more. "

Hello. My hunch is that much of the planned increase revenue take will never materialize. I bet that someone will find a way to get around the download music tax. What about the tax on non-diet soft drinks? People will start drinking diet drinks.

For New York, which has seen people leave the state in droves, this new tax increase plan will function like a kick in the b***. Why on earth would someone want to stay there.

I hate to think what will happen if this brilliant plan becomes national policy during an Obama administration.


mother in israel said...

The tax *encourages* diet drinks over non-diet drinks? I thought diet drinks encourage people to eat more and lead to greater obesity. Either way it's bizarre. Maybe they should tax all fattening foods, like cheese and ice cream.

JMNOR55 said...

While there is plenty for us conservatives and libertarians to be annoyed at Obama, a lot of these moves are made at the state and city level. Seattle is imposing a fee on plastic bags starting next year. Other blue states and city government have other fees and taxes like this.

Aaron Katsman said...

MOI- They actually have outlawed trans fats so I guess that is a step in that direction.
JmNor55- I guess we better go bak to paper bags