I’m glad I’m not in New York right now. Governor David Paterson has proposed to nickel-and-dime the state’s residents with 88 new little tax hikes in order to close a massive budget $15.4 billion deficit. He’s adding small taxes on services rather than raising sales or income taxes across the board. The taxes cover iPod downloads, movie tickets, taxi rides, soda, beer, wine, cigars, massages, and many other things. It also extends sales taxes to cable and satellite TV services and removes the tax exemption for clothes costing less than $110.
This sounds like good news for my ancestral homeland of New Jersey, which is having its own budget crisis.