4 ms·
San Francisco supervisors approve 6-year break on stock-option taxes
- aresant 15y agoSeems like the "exception" is becoming the rule here. SF revising to the "after $750,000" seems like a fairly reasonable solution to extract a few bucks but not scaring companies away, why not just make it official?
- OstiaAntica 15y agoThis is about control, and corruption. Keeping the policy erratic and temporary gives SF politicos ongoing power.
- seanalltogether 15y agoSan Fransisco has always been able to attract startups and businesses in the past without these exceptions, why change now?
- evgen 15y agoBecause applying the SF payroll tax to stock options is relatively new and prior to this year no one was in danger of actually IPOing so the point was moot.
- earl 15y agoBut SF hasn't, or at least I can't think of any big startups in the city, particularly that have stayed post IPO. Twitter is probably the largest at roughly 300 people. And honestly, do the math: if Twitter goes public for $10B, and they've given 20% of the company as options to execs and employees, thats 2e9 * $.015 = $30MM. That would sure ease the pain of moving out of the city while simultaneously paying a lot less rent.