“Democratic politicians in state capitols are more likely than Republicans to permit what critics are calling the ‘iTunes tax’–taxes on digital purchases of songs and movies. A CNET News.com analysis of the states that tax digital downloads, such as those from the iTunes Music Store, shows that nine protax states have legislatures controlled by Democrats. By contrast, five of the protax states have Republican-controlled legislatures,” Declan McCullagh reports for CNET News. “New Jersey Gov. Jon Corzine, a Democrat, proposed in his budget that ‘downloaded music and videos’ be taxed starting Oct. 1. The state tax agency expects legislation to be introduced in June.”
“Taxpayer advocates have criticized the trend toward increased taxation of downloaded media files,” McCullagh reports. “‘I’m sure that state and local officials, given enough time, will come up with a sky-is-falling study saying that if they’re not allowed to tax this, they’ll lose a trillion dollars a year,’ said Pete Sepp, vice president for communications at the National Taxpayers Union, a nonpartisan group that advocates lower taxes… Sepp also argues that digital downloads are already being taxed. He says that anyone connecting to the Internet through dial-up, DSL or a cable modem is already paying telecommunications taxes; anyone with an iPod paid sales taxes on it; companies offering downloads are paying property taxes; their stockholders are paying dividend or capital gain taxes; their employees are paying income taxes.”
Full article here.
MacDailyNews Take: Democrats are more likely to favor taxes than Republicans? Shocker.
• Apple’s brand new iPod Hi-Fi speaker system. Home stereo. Reinvented. Available now for $349 with free shipping.
• Apple’s new Mac mini. Intel Core, up to 4 times faster. Starting at just $599. Free shipping.
• MacBook Pro. The first Mac notebook built upon Intel Core Duo with iLife ’06, Front Row and built-in iSight. Starting at $1999. Free shipping.
• iMac. Twice as amazing — Intel Core Duo, iLife ’06, Front Row media experience, Apple Remote, built-in iSight. Starting at $1299. Free shipping.
• iPod Radio Remote. Listen to FM radio on your iPod and control everything with a convenient wired remote. Just $49.
• iPod. 15,000 songs. 25,000 photos. 150 hours of video. The new iPod. 30GB and 60GB models start at just $299. Free shipping.
• Connect iPod to your television set with the iPod AV Cable. Just $19.
Steve Jobs uses 4.5M Apple shares to pay $295M in taxes on 10M vested shares – March 24, 2006
Forbes’ list of world’s richest people: Apple CEO Steve Jobs 140th with $4.4 billion – March 09, 2006