Thursday, February 19, 2015

Would Net Neutrality Mean Higher Taxes For Texans?

Posted By on Thu, Feb 19, 2015 at 11:20 AM

click to enlarge net_neutrality_rally_cc_img_3.jpg

The idea of mega-conglomerate corporations paying for the Internet's fast lane and leaving everyone else in the dust probably leaves a sour taste in the mouths of most Americans.

On February 26,  the Federal Communications Commission will vote on whether the Internet should be regulated as a public utility under Title II. This would be net neutrality, at least that's the idea, and it would require companies to treat all broadband traffic equally on their networks. And it also comes with a telecom tax.

The folks at the number-crunching financial website Nerdwallet just released a report saying that the result will be higher taxes for everyone, to the tune of an estimated $6 billion in additional taxes for people living in the United States. Texans could pay an estimated $466 million in taxes. That translates to an estimated $71 extra per person in taxes in Texas, according to Nerdwallet.

But like net neutrality, the taxation implications are still up in the air because local and state laws would need to be factored into the equation and would vary across the country.




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