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Do 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
by bumby 5y ago
Do 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.