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(New York City) Power Tax a $hock
New York Post ^ | May 4, 2009 | Bill Sanderson

Posted on 05/05/2009 5:10:08 AM PDT by reaganaut1

A shocking 22 percent of a typical city apartment dweller's Con Ed electric bill goes to a battery of city, state and federal taxes under a new state rate schedule that kicks in this month, a Post analysis found.

People who burn 250 kilowatt hours of electricity per month -- what a 750-square-foot apartment might use when air conditioners are turned off -- will see their bills jump 4 percent starting this month, assuming electric generating costs stay constant.

A big part of that jump is going to a 31 percent boost in Con Ed's property taxes, a 16 percent hike in the company's state and federal income taxes, and a sixfold boost in one of the state's utility taxes, which is rising from 0.33 percent to 2 percent, The Post's analysis shows.

After those levies are toted up in the bill, the city plops some whipped cream onto this tax sundae by imposing 2.35 percent tax on the company's gross receipts that Con Ed passes on to customers.

Then comes the maraschino cherry on top: The whole package is slapped with a 4 percent state sales tax -- which in part taxes taxes elsewhere in the bill.

Add it all up, and that 250-kilowatt-hour bill jumps to $64.26 this month, including $14.01 in taxes. That's up from a total bill of $61.77 for April, of which $11.29 was taxes.

Higher taxes take up so much of the new rate structure that Con Ed's cut of a 250 kilowatt hour bill will actually drop by about 25 cents, The Post's research found. Most of the tax levies are stashed away unexplained deep in customers' bills -- just where elected officials want them.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; US: New York
KEYWORDS: conedison; nyc; taxes
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1 posted on 05/05/2009 5:10:08 AM PDT by reaganaut1
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To: reaganaut1

I’m posting this here because I was prohibited from posting the article. Michael Savage has been banned from England. The link is to The Independent, U.K., which doesn’t allow copying of their articles. You can also find it on the Drudge Report.

http://www.independent.co.uk/news/uk/politics/16-banned-from-britain-named-and-shamed-1679127.html


2 posted on 05/05/2009 5:13:57 AM PDT by RoadTest (For there is one God, and one mediator between God and men, the man Christ Jesus - I Tim 2:5)
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To: reaganaut1

3 posted on 05/05/2009 5:14:12 AM PDT by Ditto
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To: reaganaut1

Liberals aren’t content to visit the Museum of Natural History - they want everyone back in caves living by firelight.


4 posted on 05/05/2009 5:14:47 AM PDT by relictele
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To: reaganaut1

Great. More change I can believe in.


5 posted on 05/05/2009 5:15:32 AM PDT by EAGLE7 (They MAY take our lives but they'll never take our freedom!)
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To: reaganaut1

reason number 6775 sub paragraph C as to “Why not to live in the anus of the east coast” (like anyone with a functional brain needed another reason)


6 posted on 05/05/2009 5:15:43 AM PDT by from occupied ga (Your most dangerous enemy is your own government,)
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To: reaganaut1

The tar is boiling, and the pitchforks have been sharpened.

The freakin’ libtards had BEST buy a clue.


7 posted on 05/05/2009 5:16:06 AM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: reaganaut1

Only 22% in taxes? Aw come on! This is NEW YORK STATE, there’s GOT to be three or four other taxes, surcharges, or fees that could be applied. Come on Patterson you don’t want to loose the ‘Most Taxed State of 2009’ award to Massachusetts!


8 posted on 05/05/2009 5:20:14 AM PDT by Made In The USA (BO stinks.)
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To: reaganaut1

But, but, but I thought they were only taxing the rich utility companies.


9 posted on 05/05/2009 5:21:40 AM PDT by Graybeard58 (Selah)
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To: reaganaut1
$65 for 250kWh? My PSNH bill, which is ungodly enough, was about that much for 400kWh this month. I shudder to think of what it would be in NYC if I actually had to use an AC...

The biggest bill I've had since I lived in my home was just under $90--and yeah, there's a lot of taxes even here. Bastards.
10 posted on 05/05/2009 5:24:30 AM PDT by OCCASparky (Steely-Eyed Killer of the Deep)
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To: clee1

As if!

I wish we could fence them in and make them live with what they’ve done to themselves.

Instead, they flee to other areas that are habitable and vote to destroy that home as well.


11 posted on 05/05/2009 5:25:13 AM PDT by Nickname
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To: reaganaut1

Creating the liberal taxtopia of heaven here on earth requires considerable funding.


12 posted on 05/05/2009 5:25:49 AM PDT by A message (3 years 8 months 15 days)
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To: reaganaut1
This is a mere shade of 'cap and trade'. Just wait!

In North Dakota, heat bills in winter already run $200-$300/month without the Feds taking more through 'hidden' taxes.

13 posted on 05/05/2009 5:26:30 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: clee1
The tar is boiling, and the pitchforks have been sharpened.

Ha we'd all like to think that, but we all know it isn't true. The politicians and their bureaucratic flying monkeys will keep piling taxes on (stealing our property) and other than a bit of grumbling (which they couldn't care less about) nothing will happen to them at all. Nothing has happened yet and nothing will. Al long as they do it in an incremental fashion, the frog will be dead before he knows he is in boiling water.

14 posted on 05/05/2009 5:28:42 AM PDT by from occupied ga (Your most dangerous enemy is your own government,)
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To: Harrius Magnus; mojitojoe; Pelham; mom2twinsn2; LongLiveTheRepublic; ConservativeOrBust; ...
The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

No you dont understand, they are not taxing the voters, they are taxing the greedy electric company (con-ed). If you dont like it then support democrats to further punish the greedy corporations who have the nerve to pass on the tax in electric rates for their profit(I bet Bush and Cheney are behind this) , support Obama's Cap-and-Tax, long live Obama!

15 posted on 05/05/2009 5:32:12 AM PDT by sickoflibs (Obama /Pelosi/Bush Theme : "A dollar borrowed or printed is a dollar earned!")
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To: clee1

“The freakin’ libtards had BEST buy a clue.”

They’d use our money to buy it.

We’re also getting a nickel tax on plastic bags and a huge water increase.

Too many libtards in NY keep voting for this libtards.


16 posted on 05/05/2009 5:33:45 AM PDT by milford421 (U.N. OUT OF U.S.)
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To: OCCASparky
The biggest bill I've had since I lived in my home was just under $90--and yeah, there's a lot of taxes even here. Bastards.

PSE&G - Electric only for my house in Mount Laurel NJ runs $250 in the winter, $350 in the summer. Oil heat/hot water is a separate bill.

17 posted on 05/05/2009 5:35:26 AM PDT by Go Gordon
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To: reaganaut1

Duh...utilities and corporations do not pay taxes. Consumers of their services and goods pay them in the tax bill they pass along to us. It’s time the clueless figure this out when liberals want to raise “corporate taxes.”


18 posted on 05/05/2009 5:48:17 AM PDT by kittymyrib
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To: Go Gordon

Yeah, oil is a separate issue for me as well. That ran me another $1250 for last winter (500 gallons).


19 posted on 05/05/2009 6:08:04 AM PDT by OCCASparky (Steely-Eyed Killer of the Deep)
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To: reaganaut1
(New York City) Power Tax a $hock

Couldn't happen to a nicer bloc of voters. Proof positive that people get the kind of government they deserve.

Will they be taxing the street lights?

20 posted on 05/05/2009 6:08:19 AM PDT by ROCKLOBSTER (RATs...nothing more than Bald Haired Hippies!)
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