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5% of pretax income on transportation isn't unreasonable if it could truly replace car ownership. Most car owners in the US are likely spending more than 5% of
by ralph84 8y ago
5% of pretax income on transportation isn't unreasonable if it could truly replace car ownership. Most car owners in the US are likely spending more than 5% of their income on depreciation, interest, insurance, maintenance, taxes, and fuel for their cars.
- pmoriarty 8y agoThere's also the danger of car accidents, which is much greater than that of mass transit.