A Proposal to Lengthen the Tax Accounting Period
14 American Journal of Tax Policy 35 (1997)
41 Pages Posted: 3 Aug 2014
Date Written: August 1, 1997
New York City is separated from New Jersey by the Hudson River. Several years ago, a bridge and tunnel commuters had to pay to toll when traveling into the City and another traveling out of the City. To alleviate congestion in the City and to reduce the costs of administration, officials at local New York and New Jersey transit authorities conceived the simple, revenue-neutral plan of having commuters pay a single toll, at double the fare, upon entry in the City. Implementing this plan has proven to be a boon to commuters and the local transit authorities alike: commuters are able to streamline their daily commute and the local New York and New Jersey transit authorities save millions of dollars annually of administrative expenses.
JEL Classification: K34
Suggested Citation: Suggested Citation