Wednesday, September 10, 2014

Bagel: Taxed Cuts

When it comes to New York, bagels are serious business.

And they may also be taxable business -- if a knife comes out.

New York, like many other states, exempts groceries from its sales tax. Walk into a bagel place, order a dozen, buy some name brand cream cheese, and go on your way -- that feels like you're grabbing some groceries, and should be left untaxed. New York agrees. You pay the posted price and the state goes empty handed.

But what about one of those bagels, cut in a half, toasted, with some store-made scallion cream cheese, some lox, lettuce, and tomato, with some iced coffee to go with it?

More from Now I Know.

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