Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (606992)	4/17/2011 10:53:56 AM
From: TimF	1 Recommendation Read Replies (1) of 1579896

San Francisco Doing Everything It Can To Drive Zynga And Twitter Away Michael Arrington San Francisco, unlike most other cities in Silicon Valley, has a 1.5% payroll tax. And even more stunning is that they consider gains on stock options part of payroll, meaning that any San Francisco based company going public or being acquired could get hit with a massive tax bill in the tens of millions of dollars... techcrunch.com Its not that Twitter is expected some unusual low tax rates, they are trying to avoid a 1.5% payroll tax that applies to stock option as well as base pay and bonuses. A tax that almost no city or county level jurisdiction applies. Twitter is fine if they get an exemption and others don't, but really such an tax is a bad idea in the first place.

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