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Another way to look at this is he cost 10 Americans at $50,000 each their jobs. There is no free lunch.
This "benefit" will help nobody in the Twin Cities since a monthly transit pass is already less than $125.
So let's think about this in the real world, not the perfect utopia of transit. I spend about $120 a month on gas, he spends $125 for a carpool service. He is saying he has saved around $500,000. So he does not own a car at all, right? I find it hard to believe someone living in Northfield does not own a car. Because if he did own a car he would still be paying for ins., tabs, gas on occasion, maintenance, etc. He really is spending what would be gas money on a carpool. So where is the difference? The carpool van still needs gas, still kicks out evil emissions.
jojooboo, the benefit you claim will help no one in the Twin Cities shows you didn't read the whole column. Its not just a benefit for those who buy monthly transit tickets. It also benefits carpoolers who can rack up higher costs than just the price of a bus pass.
What a misinformed headline! Discourage solo drivers? How does having the SAME tax break for solo drivers vs transit/carpool commuters create incentives one way or the other? This was called parity for a reason. But we could have parity at $0 for both tax breaks (eliminating them) instead of $240 for both.
We can only hope that the IRS looks to make sure he claimed all that income, and that his insurance company knew the extra liability he was incurring and charged him accordngly. Since he owned the van, drove it all the time and charged for the ride, shouldn't he have to be licensed as a transit company or cab driver? Wouldn't the vehicle be subject to extra inspections? Wha if he had cracked it up and injured everyone? Would his insurance have covered all those medical bills, or would the taxpayer been on the hook? Lots of details involved the minute he started running a pay service. Bill G.
Good grief -- a lifetime achievement award for commuting?
How about a tax break for people that live within 5-miles of where they work?
Maybe we should triple the taxes on people that commute to incentivise people to work from home?
If I had the choice I'd take some form of public transportation. I'm in outside sales and can't car pool. Public transportation is so subsudized that unless you have a compelling reason not to use like I do, you're crazy not to. Right not the riders on public transit only pay for about 20% of the cost. The taxpayer pays the rest. Its a complete steal! I'd love to put only 5,000 - 10,000 miles a year on my car for personal stuff instead of 25,000 with all of my business travel. If you can use public transit you save; frustration with traffic, parking fees, all of that wear and tear,gas, DEPRECIATION and higher insruance rates. I do think it odd though to see someone with an enviromental sticker on thier bummper driving a car with a bad muffler and badly in need of maintainence????
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