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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (608019)	4/17/2011 1:38:33 PM
From: tejek	Read Replies (1) of 1579907

San Francisco Doing Everything It Can To Drive Zynga And Twitter Away Such a BS headline.....in fact, SF gave Twitter and Zynga what they wanted........which is pretty typical. The alternative was too unpleasant and unacceptable for the city. Watch though in 8 years when the exemption runs out.....Twitter will make similar demands again. 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... SF, unlike most other cities in Silicon Valley, has many more of the region's poor and an older infrastructure that adds to the cost of running the city. Of course, SF has advantages too......its those advantages that attracted Twitter and Zynga to the city in the first place. Secondly, its completely unfair to single out one tax and claim the city is anti business. Its important to take into account all the taxes charged by SF compared to other cities to see how out of line, if at all, SF is. Thirdly, Twitter knew of SF's tax requirements when they first set up business.....that didn't stop them then. Only now when they have some leverage are they ready to screw the city of their birth. As I said previously, cities are at the mercy of corps. And corps love playing off one city against the other.......hence the special breaks cities give to blood sucking corps.

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