>> The payroll-tax break could lead to Twitter saving about $22 million in taxes over six years, the Chronicle said.
I think the gamble was the city would make this back thanks to revitalization or new workers moving into the city. In the near term, there's certainly going to be a reduction in the city coffers for taking care of punchy-guys.
Well Twitter did get a large tax subsidy as a trade-off for keeping their office in downtown San Francisco. Those are tax dollars that could've added more beds to shelters or case workers to help out our troubled punching guy.
Now one could argue it's Twitter's "job" to try and extract as many tax breaks as possible and the blame really lies on the Mayor and other city officials for making that deal. Or really blame REALLY lies on voters for electing those people in the first place or not prioritizing higher taxes or higher social service funding.
But I think the point the article is making is that technology companies, like Twitter/Google et al, don't present themselves as monolithic profit machines of the same breed as Exxon Mobile. They're changing the world, right?
>> The payroll-tax break could lead to Twitter saving about $22 million in taxes over six years, the Chronicle said.
I think the gamble was the city would make this back thanks to revitalization or new workers moving into the city. In the near term, there's certainly going to be a reduction in the city coffers for taking care of punchy-guys.