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Companies that pay the CEO too much to get taxed!
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Companies that pay the CEO too much to get taxed!


Nov 10, 2020, 4:07 PM

Will the CEO

1. Lower her pay so that she doesn't have to pay the tax.
2. Pay the tax and take it out of her pay.
3. Pay her employees less.
or
4. Raise the price of goods and services to cover the cost.

https://finance.yahoo.com/news/san-francisco-passes-tax-on-companies-with-overpaid-ce-os-193936168.html
https://s.yimg.com/os/creatr-uploaded-images/2020-11/c45fbae0-22c2-11eb-9f3a-51205463209c">


2024 orange level memberbadge-donor-10yr.jpg flag link military_tech thumb_downthumb_up


If every company has to play by the same rules,


Nov 10, 2020, 4:45 PM

I'm not understanding how this would create a competitive advantage or deficiency either way. In an ideal world, of course.

flag link military_tech thumb_downthumb_up


3 or 4


Nov 10, 2020, 4:47 PM

somebody else will pay, not the CEO

2024 white level memberbadge-donor-15yr.jpgringofhonor-willmo.jpg flag link military_tech thumb_downthumb_up




Cat on a tin roof, dogs in a pile,
Nothin' left to do but smile, smile, smile!!!!


Would that cause a company to move out of SF to avoid


Nov 10, 2020, 4:57 PM

the tax? That would be funny. But the tax SEEMS fairly low (not enough to skip town over)...

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Re: Companies that pay the CEO too much to get taxed!


Nov 10, 2020, 7:16 PM

Neal,

You left out the best option. Since the tax is based on CEO to worker pay ratio, they could just give their employees pay raises to meet the ratio requirements to avoid the taxes.

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Re: Companies that pay the CEO too much to get taxed!


Nov 10, 2020, 9:06 PM

You know that will never happen. I needs my money like a hog needs slop.

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Re: Companies that pay the CEO too much to get taxed!


Nov 10, 2020, 7:35 PM

Shit, now I can only pay myself 299x what I pay my average employee. Good Bye 3rd house in Key Largo.

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Re: Companies that pay the CEO too much to get taxed!


Nov 10, 2020, 10:00 PM

Purchase more robots

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