4 ms·

> And the income tax is by far the highest, currently at 13.3% If you’re earning over $1,000,000 per year, yes. SF median income is below 100K.

• blisterpeanuts 6y ago
  SF also charges a city income tax of 1.5% (flat rate).
  • dmode 6y ago
    SF has no income tax. This is incorrect
    • brandur 6y ago
      Your parent's comment is out of date, but what you said isn't a fair representation either. The 1.5% tax they're talking was the 1.5% payroll tax that SF had in place until 2012 [1]. Payroll tax isn't quite the same as an income tax because the onus isn't on the employee to figure it out like state and federal, but it still did cost most businesses in SF an extra 1.5% on every employee's salary to be there. Prop E shifted most of this to a gross receipts tax instead (although there's still a 0.38% payroll expense tax in place [2]). Again, the numbers your parent is talking about are out of date, but the spirit of it is right in that it does just fundamentally cost a company quite a bit more to have an employee in SF. --- [1] https://sftreasurer.org/business/taxes-fees/gross-receipts-tax-gr https://sftreasurer.org/business/taxes-fees/gross-receipts-t... [2] https://sftreasurer.org/business/taxes-fees/payroll-expense-tax-py https://sftreasurer.org/business/taxes-fees/payroll-expense-...