Controversial “Yoga Tax” Approved In D.C.
Looks like yogis in Washington are soon to feel the wrath of the tax man.
A new proposal to introduce taxes to the fitness industry is picking up steam and pretty much seems inevitable in it’s success.
However, it isn’t without a lot of opposition. The mayor Vincent Gray had this to say about the tax:
“Whatever modest amount of additional revenue we take in the short term, we will end up paying far more in the long run if we tax fitness,”
Personally, I don’t see the upside of taxing something that everyone needs to be doing. I agree with the woman in the video, that the frivolous stuff should be taxed more.
The other issue is that many studios struggle to make it…it’s not easy to find financial success with a brick and mortar. The profits can be extremely marginal.
I hope that this isn’t a trend that continues uninterrupted throughout the country…