The City’s payroll tax unfairly penalizes businesses that employ large numbers of people. Proposition E is a smart tax reform that will change The City’s business tax structure.
San Francisco is the only large city in the state that uses such a tax. Prop. E would replace the payroll tax with a gross-receipts tax. This would bring down the tax rate for most companies at which labor costs represent the bulk of expenses — from small restaurants and service companies to big tech firms. Capital-intensive firms would pay more.
Vote yes on Prop. E; it is a smart reform that will improve The City’s business climate.
editorialsgross-receipts taxOpinionpayroll taxProposition E
If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Find out more at www.sfexaminer.com/join/
