2 ms·
I can pretty much guarantee the city will find a way to screw this up, one way or another. There is a pile of money behind the monopolies called medallions. Tho
by cmurf 11y ago
I can pretty much guarantee the city will find a way to screw this up, one way or another. There is a pile of money behind the monopolies called medallions. Those owners expect their monopoly enforced, or why bother? Clearly going into debt to buy a newish card to get better Uber rates is a better economic decision than going into debt to buy a medallion which doesn't directly do jack squat for you. So the city in turn will want its cut somehow: it'll be a tax, or a fee, or both, probably multiple fees.
A while ago the city found income taxes weren't enough, and the state and feds didn't give them enough, so there's a separate NYC income tax. And then that wasn't enough so if you're a small business there's a separate unincorporated business tax. It's not enough to just add a new line or worksheet to compute this tax, it's a whole separate form, a whole separate set of duplicative questions, a separate mailing address, a separate check. And then that wasn't enough so they created the MCTMT income tax, which again is a separate form, separate mailing address, and its own check.
The tax amount isn't as costly as the additional bureaucracy generated at both ends of the equation. Raise the rate? Nah. Add a new line for computation? Nah. They want completely separate offices, forms, addresses, and their own check.
Oh and each one of those wants separate estimated income tax payments made 4x per year. It's just insane.
- Laaw 11y agoThis is one of those things that even the people in positions of power won't ruin because they're users as well. You think members of city council or whomever want to ride in taxis any more than you do?