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> Every time I see an Uber post related to Europe I wonder if in the US taxis don't need to pay the outrageous license fees (in addition to a whole lot of other
by Crito 13y ago
> Every time I see an Uber post related to Europe I wonder if in the US taxis don't need to pay the outrageous license fees (in addition to a whole lot of other things, like freelance income taxes.)
A single NYC taxi medallion goes for millions of dollars: http://www.nyc.gov/html/tlc/html/about/average_medallion_price.shtml http://www.nyc.gov/html/tlc/html/about/average_medallion_pri...
Most Taxi drivers have to rent one; which is not cheap. The medallion owners get to sit on their asses in rake in the cash.
Your concern is misplaced.
- RBerenguel 13y agoI have read an article or two on NYC medallions, and obviously it's an aberration of a system. In Spain (for instance) you "just" need a license (either purchased second hand or new if there are new ones coming.) I think renting them is prohibited by law.