New York Should Tax Parking Spaces, Not Streets, to End Standoff
news.bloombergtax.com
news.bloombergtax.com
> The services of parking, garaging and storing motor vehicles within New York City are subject to the 4% state tax, the 6% New York City local tax, and the ⅜% Metropolitan Commuter Transportation District (MCTD) tax (for a combined state and local rate of 10⅜%).
> The borough of Manhattan has an additional 8% parking tax that applies unless the purchaser is a certified exempt resident (for a combined state and local rate of 18⅜%).
https://www.tax.ny.gov/pubs_and_bulls/tg_bulletins/st/parkin...
Maybe the tax rate should be increased? NYC would do well to adopt a system similar to the Chicago neighborhood parking zones for on-street parking:
https://www.chicityclerk.com/city-stickers-parking/about-par...
They also removed the Don't Honk and Don't Block The Box signs. All three were introduced in the Koch era.
https://upload.wikimedia.org/wikipedia/commons/8/8e/Donteven...
This article seems to miss the point by a mile.