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this is my youtube tv bill one month and
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here it is the next but it's not a price
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keep watching michael here and if you
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signed up for a streaming service
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youtube tv or many others you may have
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noticed a higher price on your bill than
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what's advertised on the website in the
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case of the bill i just showed you that
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8.56 difference is a tax i recently
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moved and my previous state did not tax
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streaming services but my new state does
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and as more people cut the cord more
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states and cities are starting to tax
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your streaming services many are calling
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this the netflix tax this article from
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pew explains it the title cities and
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states find new ways to tax streaming
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services and this article explains that
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cable customers have traditionally paid
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sales taxes and other fees that have
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gone to state and local governments but
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with fewer people paying for a
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traditional pay tv service the
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governments are now looking for other
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ways to get that tax revenue and of the
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state's now taxing streaming services
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most of them are just extending their
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sales tax to the streaming services but
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florida and a couple other places are
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taking a different route and it's pretty
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interesting in florida streaming
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services are subject to a communication
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services tax it's the same tax that
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people pay for their cable satellite and
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even phone service and this tax can
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really add up there are two parts the
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total tax rate for the state portion is
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but that is only the first part the
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second part is your local tax which will
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vary depending on where you live in
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florida where i live it's an additional
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5.72 percent and that explains the
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8.56 cents in taxes on my monthly
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youtube tv bill and taxes are based on
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the location where you set up your
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service so if you move and then change
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your address with your streaming
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provider that could trigger an increase
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in your bill or maybe a decrease if you
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move to a place that does not charge
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taxes on streaming services this article
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from bloomberg tax includes a map that
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shows the states that do tax digital
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products and those that don't the ones
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in blue digital products are exempt from
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tax and the states in orange do tax
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digital products and a couple articles i
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read did speculate that more states will
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be adding taxes to streaming services in
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the meantime if you want to see if your
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state is charging a sales or
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communications tax on your streaming
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services check out the state's revenue
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department or simply as you're signing
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up for a streaming service during the
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checkout process you will see if a tax
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is being added and then you'll know if
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your state or locality taxes streaming
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services and if you live in a state that
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does tax streaming services there's
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really no way around paying your taxes
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but you can choose cheaper streaming
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options and lower your total streaming
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bill that's one way to reduce your tax
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burden and keep more money in your
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pocket every month i've got more videos
3:11
here that'll show you how
