SAN FRANCISCO—City leaders here are proposing to more than triple a tax on stock compensation in a bid to use revenue from a wave of public offerings by tech companies to address concerns about growing wealth disparity.
The so-called IPO tax would raise the levy on corporations for stock-based compensation to 1.5% from the current rate of 0.38%. That would restore the rate to its level in 2011 when the city, pulling out of recession, cut it as part of a change in its tax structure intended to keep companies from leaving.
the democrat dimwits running san francisco did a crap job with the $ they already have...in deep debt, people defecating and shooting up on the streets...the democrat way DOESN;T WORK. They don't deserve anymore of the people money. They are IMBECILES at running things.
Wonder how much the city will lose if just one tech giant leaves SF.
Lmao good gas San Fran..
San Francisco, proves taxes and feces affect one another exponentially
I’m sure more socialism is the answer. It’s worked so well up to this point 🤬
Why any business remains there is beyond logic.
I hope Silicon Valley has an exodus. We'd be happy to have some of those companies in Mi.
Couple this with a law that imprisons talent in the city and you’ve really got something.
Do it and watch people leave
As the headlong flight from the socialist republic of California continues.
When will leftists politicians understand you cannot tax your way to better equality. And when will citizens stop voting these idiots into office.
hehe