Friday, October 23, 2015

Tax man is heahhhh [2015/10/23]

Wow...it's been a while since an update.

Man, life has been busy and I had many excuses not to blog but now I am back.

Hopefully, I can have better content this time.

Just came across a Bloomberg article on local government trying to tax everything possible.

Amusement tax on Netflix? I guess Netflix does provide amusement...With this logic, I won't be surprised if the majority of digital content is taxed. I guess vine will be taxed too soon.

I get that there is a big funding gap in government but taxing is not the only tool. They
 could cut some of the unnecessary expenses and start charging for services.

Or cut tax breaks.

For instance, tax breaks for movie productions cost more to tax payers and yet they are still around and increasing in California.

Oh, the irony.