New York – Sales Tax Money from Uber Could Help Fix MTA Budget Gap as Yellow Cab Rides Fall, Group Says

Nydailynews.com by Dan Rivoli

“The idea that would haul in the most money would provide the MTA all the sales tax money levied on Uber and black car rides that now goes to city and state coffers.

Charging a 7.7% sales tax on rides in these cars could bring in $164 million in 2019 — enough for the MTA to borrow up to $2.6 billion and close the gap in its capital repair plan.”

For further Information:

http://www.nydailynews.com/new-york/sales-tax-uber-fix-mta-budget-gap-group-article-1.2338360

http://www.cbcny.org/sites/default/files/Press_Release_08262015_0.pdf