Friday, January 30, 2004
Taxes
Well, I suppose we'll just have to get busy writing our legislators.
HB2116, being introduced this session, will impose a $2.00 per gallon tax on soda syrup such as is dispensed through the soda machines in restaurants. That can impose a burden of more than $100.00 a day on some restaurants - it equals a 2¢ per 12 ounces dispensed product tax in addition to the 8.7 something % sales tax.
Although I haven't found the pending legislation for it yet, there is a bill being introduced this session that will impose a tax on filing taxes.
Other taxes that will adversely effect opening the Cracked Cauldron include the increase in gasoline taxes - deliveries will increase because it will cost them more to deliver. It may also affect our decision to deliver our baked goods around town.
When the taxes become so high on something that people will avoid it, it's a hint that something's wrong with the tax system.
I wouldn't normally discuss politics on this bakery blog, but these decisions may seriously effect our business plans, and how we will be structuring our business. Our pricing plans.
Needless to say, we will be tracking these pieces of legislation, and any others we see that could adversely effect us.
Sad to say, I didn't see any pending legislation that would help us.
