Should the “yacht tax” be applied to yoga studios?
Mayor Bloomberg may want wellness for all New Yorkers, but not as much as he wants to increase the tax on yoga studios — and possibly put studios out of business — says the Wall Street Journal. The city is reclassifying studios as “fitness centers” which are taxed at a higher rate.
Seventy NY yogis met to discuss possible repercussions and alternatives. Will these yogis rise up, asks the WSJ? How do a “peace-loving people” enter into the fray?
The real question may be, is yoga a fitness exercise or a spiritual one? What do you think?
See the WSJ on the “Yoga Crisis.”