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San Francisco supervisor proposes a tax on companies with 'overpaid' executives

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A measure on the ballot this November in San Francisco would levy a special tax on businesses that pay their highest-earning employee 100 times or more the median salary of its San Francisco workers.

A local ballot that proposes taxing companies on their highest-earning executives is headed for a November vote.

Most small businesses will be exempted, as businesses must earn at least $1.17 million in gross receipts annually to qualify, the San Francisco Chronicle reported.

 

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Will this apply to the San Francisco 49ers? If the amount they pay their highest paid and valuable players versus the median of all incomes for all employees that are part of the organization? How about non-profits! Their leader vs. median pay of all employees & volunteers?

These idiots will never learn. The exodus continues

How about a drop in pay for all in your state administration also ?

Those companies can relocate to a business friendly state.

'Punish the Monkey let the organ grinder go' Mark Knopler

When will California realize they can’t tax their way out of a spending problem?

lol, now thats funny..... lets change SF to that its not the land of opportunity

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