NY all set to enforce a special tax on sliced bagels
August 26th, 2010 - 7:59 pm ICT by Aishwarya Bhatt
New York, Aug 26 (THAINDIAN NEWS) States and cities are looking for more ways to reduce the budget deficits that threaten to cripple their various economies and any way that a State can tax its citizens is welcomed by the state authorities and dreaded by the citizens.
New York is enforcing a sales tax law to allow the state to tax on sliced bagels. Whole bagels are not taxed under the law but once they are sliced, the taxman can demand his share.
State officials say if the whole bagel is eaten in the store where it was purchased, then it will have to be taxed.
But the law has been in obscurity for so long, that some bagel storeowners in New York have never heard of it before. They had the shock of their lives when the state audited their annual accounts and found non-compliance.
But not knowing was not an excuse for the tax officers who forced Kenneth Greene, owner of 33 bagel shops throughout New York to pay significant amount in taxes owed. He was then asked to start taking taxes on all bagel that are not eaten whole or not eaten off his store premises.
As a result of the new law, Kenneth Greene has posted notice on the various cash receipt spots at his shops telling the customers about the new arrangements.
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Tags: bagel shops, budget deficits, cash receipt, citizens, compliance, excuse, kenneth greene, obscurity, sales tax, share state, shock, state authorities, state officials, store premises, taxman
