The good folks in Minneapolis did an analysis on the costs vs. benefits of their proposal to pay for transit improvements with a regional sales tax increase. Paying taxes to fund transit is like paying for any other good or service – we should consider what we get for our investment. According to AAA, the average annual cost of owning a car in 2014 was $8876. Getting rid of a car can save people a lot of money. Congestion also costs each individual driver hundreds of dollars per year in fuel costs.
Paying More Taxes for Transit can Save You Money
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