Powerful breakdown of SF's compounding tax structure - the point about gross receipts taxes hitting regardless of profitability really exposes the fundamental issue here. The layering effect is probly the most damaging part; each individual tax looks justifiable in isolation, but stacked together they create a situation where even succesful businesses are bleeding capital before they earn a dollar.
Your article highlights the damage of squeezing businesses out of the city. What happens when the “reservoir” run dry? The elected officials will be gone and in their wake, a devastated community.
Powerful breakdown of SF's compounding tax structure - the point about gross receipts taxes hitting regardless of profitability really exposes the fundamental issue here. The layering effect is probly the most damaging part; each individual tax looks justifiable in isolation, but stacked together they create a situation where even succesful businesses are bleeding capital before they earn a dollar.
Your article highlights the damage of squeezing businesses out of the city. What happens when the “reservoir” run dry? The elected officials will be gone and in their wake, a devastated community.