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This tax is expected to fund $120 billion in highway and transit projects over 40 years. [40] The tax is also expected to support over 778,000 jobs in the Los Angeles area and $79.3 billion in economic output. [41] Projects to be funded by Measure M, not previously mentioned above, include: [40] [42] A streetcar in Downtown Los Angeles
MTA employees also suffered due to the budget issues. By mid-July 2010, MTA layoffs had reached over 1,000, and many of those affected were low-level employees who made less than $55,000 annually. [143] As of 2015, the MTA was running a $15 billion deficit in its $32 billion 2015–2019 Capital Plan. [144]
The New York City Transit Authority (also known as NYCTA, the TA, [2] or simply Transit, [3] and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City. Part of the Metropolitan Transportation Authority, the busiest and largest transit system in ...
Plan To Hike Taxes Near Big Subway Projects A Power Grab: City - New York City, NY - Gov. Andrew Cuomo wants to let the MTA tax areas near big transit projects.
The MTA tax rate is .0034 or .34%, meaning that small businesses pay $3.40 for every $1,000 of payroll. So, if your annual payroll is $100,000, you only end up paying an extra $340 worth of tax ...
The state’s highest court refused to hear an appeal of the MTA Payroll Tax. Tuesday’s ruling of the New York Court of Appeals means businesses within the Metropolitan Transportation Authority ...
Under the U.S. Internal Revenue Code section 132 (a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax. The qualified transportation benefits are transit passes, vanpooling, bicycling, and parking ...
The Martins-Zeldin plan calls for the MTA Payroll Tax to be phased out each year until 2014, when it will be completely eliminated. “Eliminating this tax means more money will be back in the ...