BUSINESS

NY Governor Paterson Proposes $121.1B Tax Plan, Includes Taxes On Movies, Taxis, iTunes

01/17/2009 05:12 am ET | Updated May 25, 2011

The New York Post reports that New York Governor David Paterson's new $121.1 billion tax plan proposal includes, among others, the following new taxes:

* An "iTunes tax" of 4 percent on videos, music or pictures downloaded from the Internet.

* A 4 percent tax on taxi, limo and bus rides. That means a $10 cab ride would cost 40 cents more.

* A 4 percent entertainment tax on tickets to movies, concerts and sporting events. That would add nearly 50 cents to a $12 movie ticket or $1.80 to the cheapest $44.50 seat at a Knicks game.

* The tax on beer increases 24 cents per gallon, or more than double the current rate, which means about 30 cents a case.

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