Hey, I want a tax free subsidy too.

from Streetsblog Capitol Hill
…
Cato’s free parking severely distorts transportation prices. The market price of commuter parking in the commercial garage closest to Cato is $255 a month, so Cato’s free parking subsidizes the cost of driving to work by $255 a month. Because employer-paid parking is a tax-exempt fringe benefit, Cato pays the free parkers a tax-exempt subsidy of $3,060 a year ($255 x 12).
…Cato’s free parking reduces the out-of-pocket cost of driving to work by two-thirds….

https://www.streetsblog.org/2010/10/13/shoup-npr-puts-a-price-on-parking-why-not-cato/oldId.20101015095238157