You're talking about the payroll tax holiday. You may be right about that, if we're only discussing a small tax on paychecks. But I'm talking about the options

You're talking about the payroll tax holiday. You may be right about that, if we're only discussing a small tax on paychecks. But I'm talking about the options tax provision specifically. If this were enforced, successful startups would be faced with a MASSIVE, GIGANTIC tax bill. It's theoretical; no city has actually taxed stock options before (that I know of). So whatever your impression of local city tax is, throw it out. This would literally tax the rise in value of a company, so, tens or hundreds of millions of dollars.. in local city tax. Yes, every single startup would move out of San Francisco if the city actually taxed stock options.