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>Some cities also have an income tax (for example NYC). SF afaik and all of Pennsylvania does the same. NYC's rate is 3.9% I believe.
by madamelic 6y ago
>Some cities also have an income tax (for example NYC).
SF afaik and all of Pennsylvania does the same.
NYC's rate is 3.9% I believe.
- shuckles 6y agoSan Francisco is not allowed to have a city income tax due to state law. It wouldn’t matter much anyways: it’s a huge commuter town (daytime population is double or more the resident population), so the base to tax is relatively small. The real untapped taxable value in the city is land wealth. Until Prop 13 allows the city to tax land equitably, it will be forced to try harebrained tax schemes on employers or sales.
- madamelic 6y agoGood to know! I think I mixed up discussion of a wealth tax with income tax. Or maybe that was somewhere else. Thanks for straighting it up for me! :)