Like it or not, your monthly Netflix bill could go up anywhere from a dollar to a few dollars a month soon, thanks to state governments increasingly hungry for new tax revenue.
Even worse: It’s not just Netflix subscriptions that are in the crosshairs here. Already, around half of all states in the US levy some degree of sales tax on their residents’ subscriptions to streaming services like Hulu, Netflix, Amazon Prime, and Spotify. And the states that don’t might start doing so in the near future. To cite just a few examples, state legislatures in Utah, Massachusetts, Illinois, Kansas, and Maine are all studying this issue at the moment, something that Michael Mazerov, senior fellow at the Center on Budget and Policy Priorities, describes as a “fast-moving policy development — bills are constantly being introduced on this.”
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Your Netflix bill might be going up by a few dollars, but Netflix isn’t raising prices originally appeared on BGR.com on Mon, 24 Feb 2020 at 13:28:45 EDT. Please see our terms for use of feeds.
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