zzdcar
Home
/
Reviews
/
Beyond Cars
/
New York Could Tax Netflix and Hulu Subscriptions to Fund Trains
New York Could Tax Netflix and Hulu Subscriptions to Fund Trains-August 2024
2024-02-19 EST 22:13:50

New York subway

Like a number of other systems around the country, is struggling as ridership still has yet to return to pre-pandemic levels. In an attempt to come up with more funding for the MTA, New York governor has proposed a $700 million payroll tax increase. But Democrats in the state legislature aren’t happy with that proposal, so they’re looking for alternatives, including possibly taxing people’s Netflix subscriptions.

, taxing streaming service subscriptions such as Hulu and Netflix is just one idea among many that New York lawmakers are considering. Others reportedly include higher corporate taxes, a fee on package deliveries and a new surcharge on Uber and Lyft trips.

Raising corporate taxes to 9.25 percent on companies that report more than $5 million in income is predicted to generate $865 million in the first year, while adding a $0.25 fee to package deliveries would raise an estimated $300 million. Tacking the state’s four-percent sales tax onto streaming subscriptions would only make about $100 million per year.

Combine all those proposals together, though, and New York lawmakers believe they’d be able to raise enough money for the MTA to avoid a subway fare hike from $2.75 to $3.00. The MTA is said to not care where the additional funding comes from. However, MTA leaders reportedly prefer Hochul’s proposed payroll tax increase because they believe it would provide a more stable source of funding.

It’s still not clear which side is actually going to win, but state lawmakers have until the end of the month to finalize the budget. So we may know as early as next week whether or not HBO Max subscriptions are about to get four percent more expensive.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Beyond Cars
Good God The Ducati Scrambler Sounds Amazing
Good God The Ducati Scrambler Sounds Amazing
There was never any doubt the was going to sound good. It's using a variant of the same V-twin as the old Monster 796, which always delivered an unmistakable Italian aria once it was uncorked. But nothing prepared us for the aural delights of the new Duc with its first...
Aug 5, 2026
Listen To The F-16 Viper's Beautiful Sounding Start-Up Sequence
Listen To The F-16 Viper's Beautiful Sounding Start-Up Sequence
I'm a sucker for the sounds of aircraft powering up. Each has its own unique crescendo of clicks, grunts, and hisses. The F-15 sounds like a howling wolf stirring to life. The S-3 Viking's womp womp womp is notorious. But the F-16 has a distinct, rolling chorus that begins by...
Aug 5, 2026
This Beloved Carrier Captain Has A Great Shtick
This Beloved Carrier Captain Has A Great Shtick
We've all had terrible bosses. The worst part about them is watching their bad attitude flow down to lower ranks. It's like putting a leaky can of bleach above a bread rack, over time it all gets tainted. Capt. Thomas Parker was not one of those bosses. He clearly loved...
Aug 5, 2026
​Hell Yes KTM Is Planning New Mid-Size V-Twins
​Hell Yes KTM Is Planning New Mid-Size V-Twins
KTM has been kicking ass on both ends of the engine displacement spectrum, but like the rest of the industry, something's been missing – mid-size V-twins. KTM is finally rectifying matters and spreading the wealth to its siblings at Husqvarna. , KTM head Stefan Pierer said, "We will have a...
Aug 5, 2026
Hells Angels Buy Every Bike From One Walmart, Donate Them To Charity
Hells Angels Buy Every Bike From One Walmart, Donate Them To Charity
When you think of huggable and lovable, the first thing that should come to mind are the Hells Angels. On Black Friday, Hells Angels took over a Walmart. But instead of doing what you'd expect a group the US government deems an "organized crime syndicate" to do, they bought all...
Aug 5, 2026
​Watch This Award-Winning Rider With Tourette's Do A Five-Mile Wheelie
​Watch This Award-Winning Rider With Tourette's Do A Five-Mile Wheelie
Jeremy Stenberg is a certifiable badass. He's motocross royalty, with dozens of wins, regular TV appearances, and even an app. Most people know him as "Twitch", a nickname he embraced after being diagnosed with Tourette's. But none of that matters, because he just did a 5-mile wheelie without even trying....
Aug 5, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved