Article from Reason by Christian Britschgi.
San Francisco voters just passed a huge tax increase on business to pay for homelessness services, but it’s anyone’s guess if the new levy is legally enforceable.
On Tuesday, some 60 percent of Bay City residents voted in favor of Proposition C, a ballot initiative that would raise an estimated $300 million a year for housing, mental health treatment, and other services for the city’s 7,500 homeless residents through a hike in the city’s business gross receipts tax.
That’s a huge amount of new revenue, increasing the take from the city’s current business taxes by some 33 percent, and nearly doubling the $380 million the city currently spends on the homeless.
Because it’s a gross receipts tax, it would tax companies’ total revenue, regardless of how profitable they are.
Read the entire article at Reason.
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A total of $680,000,000 being spent on 7,500 “homeless” people works out to $90,666.67 each. Every year.
If I was getting over $90,000 per year, you can bet your sweet @$$ I wouldn’t be “homeless”!
You got THAT right!
After the administrators, and other crooks the homeless will get $1.98.
All that’s gonna do is lure MORE homeless into the city…IDIOTS!
Gotta have the taxpayer dough to pay for all those caravan illegals headed their way. Democrats are confident Trump will bow to their buddies on the judicial seats once again.
Go California Go…Keep up that spending Big Bucks on illegals, & your worthless liar politicians. Keep spending your way to Hell & giving up what few “Rights” you have left. …America is watching & laughing..
And many of those businesses may pack it up and leave, and then who’s going to pay the taxes? When a business has an overhead that is half of their gross receipts and then pays another 1/3 of their gross receipts on taxes, what is the incentive to keep a business open? There wouldn’t be enough money for themselves to live on. How stupid!
I guess if only work for a company and don’t own it you feel you are not affected.
You people that voted to raise your taxes? Why??? Do you want to pay for the homeless which cost more per person than many people earn? You people have to top the ladder in terms of stupidity!
Your city is full of human waste, needles and it is beyond disgust and yet you vote an approve for more.
Way to go San Fran, drive business away and attract a “caravan” of homeless people to swell the current population of the penniless, mentally ill.
Would you be surprised to know those who do not pay taxes are the ones push causes like this and always vote to raise taxes on those who do pay taxes.
Now, you will have the mayor of SF as your governor!!?
DON’T WORRY ABOUT IT
NANCY PELOSI IS LOOKING OUT FOR HER NEIGHBORS
the only thing that will solve their and californias problem would be a 9.0 along all the fault lines