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Actually, in California, property taxes make up only 14% of the average municipality's revenue, and 22% of the average county's revenue.[1] But yes, I'll conce
by sverige 9y ago
Actually, in California, property taxes make up only 14% of the average municipality's revenue, and 22% of the average county's revenue.[1]
But yes, I'll concede that Google probably does pay a share of the taxes required to pay for these services, though I doubt it is a share proportionate to its actual profits generated in the Bay area, since their tax accounting tricks are so sophisticated.
[1] For the ugly details: http://www.ca-ilg.org/sites/main/files/file-attachments/basics_of_municipal_revenue_2016.pdf http://www.ca-ilg.org/sites/main/files/file-attachments/basi...
- closeparen 9y agoIn the document you linked, city revenues are based on property tax, sales tax, utility charges, fees, and fines. None of those things are meant to be proportional to profit. 9% does come from state and federal grants; Google-the-corporate-entity is maybe not contributing its fair share towards those, but its employees certainly are, and then some (the progressiveness of the progressive income tax curve is not cost-of-living adjusted).