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That's exactly why this tax dodge is such a low integrity move for Stripe. All their SF employees will remain in SF, but Stripe won't pay the corporate taxes to
by abalone 7y ago
That's exactly why this tax dodge is such a low integrity move for Stripe. All their SF employees will remain in SF, but Stripe won't pay the corporate taxes to offset their impact on the housing market, transit infrastructure, etc.
- sharpneli 7y agoDoesn’t SF have some kind of municipal tax that the employees pay? I work in a different city where I live. But pay ~20% municipal tax (not US) that pays for infra etc that I use.
- refurb 7y agoThe employees who continue living in SF would continue to pay property taxes (through rent or directly) and sales taxes.
- sharpneli 7y agoYeah. So they would pay for their impact, assuming the amount is enough. Here municipal tax income is ridiculously higher than the corporate tax for municipalities. But the reason is that a corporation does not require healthcare, the person who lives in a municipality does and receives it from their own municipality etc.