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New York to tax your iPod, Coke and Pepsi

December 16, 11:40 PMBusiness News ExaminerScott Gingold
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New York is having as much luck these days with governors as New Jersey has had over the past few years!

Just when you think that New York is starting to calm down after whoremonger former Gov. Eliot Spitzer slithers into the background, Gov. Paterson announces a laundry list of new taxes. Among them, a proposed iPod tariff where users are taxed for downloading music.

The other taxes that he's proposing will have a direct impact on business, and as it relates to the retail sector, it will drive people to New Jersey and Pennsylvania to save money, especially as gas prices remain low.

While I am not in favor of taxing the “rich”, I thought that the Democrats were going to go after high-income earners. Clearly most of Paterson’s tax proposals will adversely impact low- to middle-income families, small businesses and schoolchildren.

Rather than raising taxes in the manner that Gov. Paterson has proposed, why not do some innovative things such as:

  1. Consolidating smaller towns, townships, hamlets and boroughs into larger cities to reduce costs. I have written about this previously.
  2. Tax the corporations who have corporate headquarters in New York, but who ship jobs overseas to lower-wage paying countries.
  3. Have the United Nations move out. How many millions of dollars and valuable resources does this albatross suck out of New York’s budget?
  4. When “celebrities” come to New York, rather than provide them with police protection at no charge, have them pay for requested security.
For more info: Scott Gingold has been helping clients turn their red ink into black ink for over three decades, as well as assisting clients in their quest to grow their businesses. For more information, drop Scott a line.

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