localhost001 , 1 year ago

“Amtrak is a state-owned enterprise. This means that Amtrak is a for-profit company, but that the federal government owns all its preferred stock.”

• investopedia.com/…/how-amtrak-works-makes-money.a…

“ Yes, your tax dollars (a tiny portion of them, at least) winds up keeping Amtrak trains on the tracks. Amtrak makes a significant portion of its money from ticket sales, but the company could not exist without the help of federal/state subsidies and billions of dollars in grants.

Amtrak typically sees between 1 and 2 billion dollars of federal money come its way each year. That’s roughly equivalent to a few thousandths of the federal government’s budget. If we took a super simple view of our tax bills, we could say that most Americans spend a couple bucks each year to subsidize Amtrak. Obviously, taxes are way more complicated than that, but it’s helpful to think about.

64% of Amtrak’s money comes directly from ticket sales. The rest comes from a combination of other things, most especially subsidies and grants, though investments and other business activities account for significant revenue as well.”

• www.nationalparksbackpacker.com/who-owns-amtrak/