If you have been aggravated about what you perceive as high taxi fares, especially in New York or other major cities, and you think the drivers are making off like bandits, think again. I have been interviewing cabbies in major cities across the country about how they get paid and what they make, and the dollars can be pretty dismal except in rare cases, or where the Taxi Authority jacks up the rates for special events or major weather problems like the hurricane in New York on August 27th that never came but the fares were doubled anyway.

http://www.forbes.com/sites/marcwebertobias/2011/11/18/how-taxi-companies-rip-off-their-drivers/#57765d4d45f9