I find myself confused about the new tax and unwilling to invoke Cunningham’s Law to get clarity. So I went to the source (I think) and it appears Stripe would

I find myself confused about the new tax and unwilling to invoke Cunningham’s Law to get clarity. So I went to the source (I think) and it appears Stripe would have been taxed at 0.560% on its gross receipts. [0,1] Assumptions: 1) Stripe would be classed as a “financial services” company per the law and subject to section 953.6 of the law 2) Stripe has gross receipts over $25 million My confusion is the discussion of a 1% tax rate on gross receipts. I don’t see any business taxed at that rate and on this case neither Stripe nor Square would be. [0] https://sftreasurer.org/business/taxes-fees/gross-receipts-tax-gr https://sftreasurer.org/business/taxes-fees/gross-receipts-t... [1] http://library.amlegal.com/nxt/gateway.dll?f=templates&fn=default.htm&vid=amlegal:sanfrancisco_ca_m&anc=JD_953.6 http://library.amlegal.com/nxt/gateway.dll?f=templates&fn=de...