Wednesday, December 17, 2008

Paterson Wants To Implement iTax

If New York Gov. David Paterson has his way, music and movies downloaded on iTunes will require a tax in an effort to minimize the New York budget shortfall according to the New York Post. The average song downloaded on iTunes that costs $.99 would cost $1.07 if the tax is implemented. Critics of the measure state that it will only increase music piracy, which is still out of control. Gov. Paterson may want to reconsider this proposal, he probably will be disappointed in the revenue that would be generated from the taxes.

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