Sunday, October 9, 2011

Public #transit is a tax cut

The Urbanophile » Blog Archive » The Cost of Congestion, The Value of Transit: "To further show the value of transit to New Yorkers, let’s do a quick back of the envelope type calculation for illustrative purposes. The median household income in metro New York is $61,927. If each home with an auto commuter in it has one and only one commuter who obtains the average benefit, and incomes of auto commuters follow the overall, then this auto benefit is equivalent to 1.66% of income. You can think of it as sort of like a 1.5 percentage point cut in the income tax rate for those households, just based on the value delivered to them."

'via Blog this'

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