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This measure seems strangely punitive. I think the better option would be a progressive payroll across-the-board tax above a certain level, say $100,000. The p
by rm_-rf_slash 10y ago
This measure seems strangely punitive. I think the better option would be a progressive payroll across-the-board tax above a certain level, say $100,000.
The proposal as it stands seems to imply that tech alone is responsible for widening income inequality, particularly in San Francisco. The more accurate perspective is that tech these days has allowed small numbers of extremely skilled people to perform work that half a dozen moderately skilled workers could not accomplish as well on their own. As a result, it makes a lot more sense to pay one person $200,000+ a year than six people at $100,000. The biggest income gains are near or at the top, and the taxes should follow.
Taxing an engineer making $85k just because they work in tech only makes an already very expensive city less worth living in.
- justizin 10y agoThe employer is actually taxed, not the employee, and it's a 1.5% tax, which is the same amount of the original payroll tax which was rolled into gross receipts a few years ago. This is hardly armageddon.
- marcosdumay 10y agoEmployment taxes are always paid by the employee. When the employer is the one actually transferring the money to the government, market economics make it sure that they pass the cost on to the employee.