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This tax, known popularly as the "mobility tax", or the "MTA tax", is intended to provide funds for the Metropolitan Transportation Authority, which transports many of the region's commuters. [8] Philadelphia has a 3.924% wage tax on residents and a 3.495% tax on non-residents for wages earned in the city as of August 2013.
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 ...
Hochul also proposed increasing a payroll tax on New York City businesses to fund the MTA. [199] The MTA had already spent $555.8 million on congestion pricing equipment [200] and earmarked $15 billion of congestion-toll revenue for transit improvements across the five boroughs of New York City. [201]
When the New York City Transit Authority was created in July 1953, the fare was raised to 15 cents (equivalent to $1.71 in 2023) and a token was issued. [102] In 1970 the fare was raised to 30 cents. [103] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
The MTA's average fare has increased twice as fast as incomes for the New York City area's poorest straphangers since the mid-aughts recession, a gap that is "not sustainable economically or ...
The potential tax would go toward raising the $1 billion the MTA needs to avoid a planned fare hike for subways and buses to $3, the report states. Hochul's preferred solution to avoid the hike ...
The MTA is governed by a 21-member board representing the 5 boroughs of New York City, each of the counties in its New York State service area, and worker and rider interest groups. [61] Of these, there are 14 voting members, broken down into 13 board members who cast individual votes, 4 board members who cast a single collective vote, and 6 ...
For people making $500,000 or more per year, city income taxes would go up from 3.876% to 4.41% – a hike of 0.534%. De Blasio called it “a modest increase.”. “For an individual making ...