Chicago implements tax on streaming services.

H

herbu

Audioholic Samurai
9% on streaming services like Netflix, Amazon Prime, Spotify, etc, etc...

The good news is that the citizens are fighting back.

Is this the way of the future?

http://www.foxnews.com/politics/2015/09/11/chicagoans-sue-city-over-amusement-tax/?intcmp=hpbt3#
And once again, Chicago leads the way on "fairness"...

"Chicago Mayor Rahm Emanuel's administration says "fairness" is one reason the tax is now being applied..."
Not exactly sure what that means. Maybe they're gonna use the tax revenue to provide free premium web services to those who unfairly can't afford it?
 
M

markw

Audioholic Overlord
And once again, Chicago leads the way on "fairness"...

"Chicago Mayor Rahm Emanuel's administration says "fairness" is one reason the tax is now being applied..."
Not exactly sure what that means. Maybe they're gonna use the tax revenue to provide free premium web services to those who unfairly can't afford it?
They also have the strictest gun control in the nation and are up there with the most murders as well.
Truly a city of contradictions.
 
Irvrobinson

Irvrobinson

Audioholic Spartan
Fairness is the latest in-vogue excuse for raising taxes, focusing on "the rich", where being rich is defined as anyone who is seen as having disposable income. People with home internet service and computers are rich enough to tax. Have you looked closely at your cable bill lately? Or perhaps your local wealth tax, err, property tax bill. Most of these have numerous little fees and surtaxes and other BS added in.

In Chicago, out of a $3.7B budget, over $500M of it goes to pay for pensions, and that's an underpayment. I just read that to fully fund pensions it would $900M+ in 2016, or more than a quarter of the city's budget. Of course, it's hard to get all concerned about it if you aren't unfortunate enough to live there. You could come to California, where the weather is better, but we have nearly the nations's highest income taxes, the highest sales taxes, high property taxes (because the valuations are through the roof), the nation's first carbon tax, and some of the nation's highest auto registration fees. It's lovely. And our dickhead, err, governor, says we don't have enough money to fix the roads, so we need a new gas tax for that. A streaming service tax would be in the noise here.
 
C

Chu Gai

Audioholic Samurai
Yeah but I think Cuomo is less of a d!ck than Comrade DeBlasio.
 
annunaki

annunaki

Moderator
I am quite sure that the tax is nothing more than another way to pad some cronie pockets.
 
Irvrobinson

Irvrobinson

Audioholic Spartan
I am quite sure that the tax is nothing more than another way to pad some cronie pockets.
Absolutely, and the cronies are called retirees. These under-funded state and local pension systems are a massive inter-generational wealth transfer. It only works if the younger generation out-numbers the older one, or at least is a lot richer. The math doesn't work anymore.

Not that I'm picking on old people. I especially like the tax subsidies and forced corporate subsidies for electric cars. Why is it when people are elected to office they seem to undergo a mandatory IQ reduction? Or is it only that really dumb people run for office? Are there any elected officials on this forum? Perhaps you could enlighten us.
 
Rickster71

Rickster71

Audioholic Spartan
Why is it when people are elected to office they seem to undergo a mandatory IQ reduction? Or is it only that really dumb people run for office? Are there any elected officials on this forum? Perhaps you could enlighten us.
Unfortunately it's the other way around.
The really dumb people vote for the smart guys, the ones that know how to monetize their elected office.
 
C

cpd

Full Audioholic
Politics aside, I believe the "fairness" referred to is even application of tax laws to all content providers. Traditional content provider services, like cable, have been taxed for a long time. My guess is that this particular brand of "fairness" results from the lobbying efforts of cable providers.
 
C

Chu Gai

Audioholic Samurai
Well, as Chicago looks to define it, it's a definition extension of taxes on amusement. Seems to generally be targeted at streaming of movies and music. But what's to say that watching a YouTube video or just doing some web searching or reading forums such as this one doesn't constitute amusement. As I understand it, the city is already being sued by various groups. Seeing that estimated revenues are 12 million, this is really a nickel and dime tax. For a city that looks in part to encourage technological investment this seems counterproductive.
 
H

Hobbit

Senior Audioholic
This backdoor way of raising revenue seems to be everywhere. I was recently in Kansas where they were "exploring" raising property and sales taxes. The main impetus behind this is politicians, regardless of party, campaign promises of either not raising, or cutting, income tax...
 
3db

3db

Audioholic Slumlord
A streaming tax?? Wow. I thought Canadian taxes suck (and they do!!!) but for now we don't have this.. Please keep this to yourselves because there is enough inherent stupidity combined with greed that I could see this being applied up here as well.
 
H

herbu

Audioholic Samurai
As entitlement spending rises, new sources of revenue must be found. I expect to see more and more creative proposals to do it.
 

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