'Annual U.S. sales of DVDs and Blu-ray discs has fallen from a high of $20.2 billion a decade ago to around $10 billion, according to data from the Digital Entertainment Group, while the Recording Industry Assocation of America reports shipments of CDs fell from $13.2 billion in 2000, to $1.9 billion last year.
In response, the city of Chicago is experimenting with having local taxes collected on cloud computing services and streaming music and video. Other state governments like Tennessee and Idaho are experimenting with new taxes as well….
Yahoo Finance's Michael Santoli says while the Netflixs of the world may not like it, it's not surprising that these tax schemes are arising. "Many [local goverments] have done it under the guise of 'you can tax services as well,' so I do think that it's a very predictable thing when you see these municipalities losing revenue from a big consumer area and essentially trying to replace that."'
http://finance.yahoo.com/news/why-you-ll-be-paying-a--netflix-tax--soon-161951515.html#
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