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Friday, January 20, 2012

Congress Will PAY YOU to Avoid Public Transit in 2012

As part of the 2009 stimulus package passed by the Democratic controlled congress, commuters could qualify for a subsidy of $230 per month towards mass transit expenses. But your tax write off for parking? Ten bucks more at $240.
So much for Washington believing in public transportation.
If that isn’t crazy enough, the American Recovery and Reinvestment Act of 2009 (that’s the formal name for the “stimulus” bill) only offered a temporary increase to mass transit reimbursement. As of January 1, commuters getting a pre-tax reimbursement for transit will revert to just $125.
That’s right. You get twice as much of a write-off to drive to work instead of taking the bus. Read the details at the University of South Florida’s National Center for Transit Research.
FULL ARTICLE HERE

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