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> SF doesn’t have local payroll tax, it has a local income tax that applies both to residents and to nonresidents on income earned in SF. This is false. There
by lemoncucumber 5y ago
> SF doesn’t have local payroll tax, it has a local income tax that applies both to residents and to nonresidents on income earned in SF.
This is false. There are some low-quality websites that have incorrect information about a nonexistent 1.50% SF income tax, if that's where you're getting your information.
San Francisco used to have a payroll tax up until last year, when Prop F replaced it with a gross receipts tax. [1]
[1] https://sftreasurer.org/prop-f-overhaul https://sftreasurer.org/prop-f-overhaul
- bumby 5y agoDo you happen to know the reason for favoring a gross receipts tax over the previous payroll tax? Just curious as someone who previously lived in an area with a Griggs receipt tax, it seems it was universally despised.
- jonahhorowitz 5y agoHilariously, it was done because the tech companies, particularly Twitter, which had small gross receipts and high payroll, pushed for it.[0] Later, Square, founded by the same person as Twitter got pretty badly screwed by this very same tax [1], and it got worse when Prop C passed. [0]: https://www.spur.org/news/2012-09-28/time-now-business-tax-reform https://www.spur.org/news/2012-09-28/time-now-business-tax-r... [1]: https://www.sfchronicle.com/business/article/Square-is-suing-San-Francisco-over-its-tax-bill-14447790.php https://www.sfchronicle.com/business/article/Square-is-suing...
- abalone 5y ago“pretty badly screwed” = growing to a $90B company.