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Technobabble: Smartphones help fuel new 'tax' service

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By Jason Ogaard, columnist

Taxis have been around for a long time — so long that there are a lot of rules and regulations surrounding the industry.

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In many major metro areas in order to operate a taxi service you have to buy a taxi medallion that the city auctions off. Since the city only auctions off so many medallions, winning bids can get high.

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