The latest survey of America’s home broadband subscriptions by the Pew Research Center’s Internet & American Life Project reveals some surprising trends that you probably haven’t heard before. The fact that 95% of America’s young adults use broadband at home really jumps out.
Don’t Tax Internet Access
One of the basic principles of an innovation-based tax policy is that government should “tax bads, not goods.” This is the idea behind proposals such as using carbon taxes to pay for an expanded research and development tax credit. So why would the government want to tax Internet access when, according to the McKinsey Global Institute, the Internet accounts for 3.8 percent of U.S. GDP?