{"id":8549,"date":"2026-05-07T01:01:46","date_gmt":"2026-05-07T01:01:46","guid":{"rendered":"https:\/\/8657085.xyz\/?p=8549"},"modified":"2026-05-07T01:01:46","modified_gmt":"2026-05-07T01:01:46","slug":"san-francisco-crazy-high-business-taxes-could-get-even-worse","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=8549","title":{"rendered":"San Francisco crazy high business taxes could get even worse"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876680\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u6469\u5929\u697c\uff08\u548c\u5de6\u4fa7\u5b8c\u5168\u5bf9\u9f50\uff09 -->\r\n  <div style=\"grid-row: 3\/5; height: 750px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876678\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  \r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e6\" data-zoneid=\"5876682\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n<\/div><br \/>\n<\/p>\n<div>\n<p>San Francisco has been a case study in how not to run a city, but a new report is amplifying the alarm as voters consider a CEO tax that some are calling a poison pill for the epicenter of tech.<\/p>\n<p>The Bay Area Council Economic Institute released a study on Wednesday that found eye-watering business taxes are driving away San Francisco businesses and making it nearly impossible to fully recover from the pandemic. Payroll employment in the city is still 8.6% below pre-pandemic levels, while office vacancy has climbed to about 33% \u2014 the highest among major U.S. cities.<\/p>\n<p>Downtown business formation also has essentially collapsed \u2014 falling from 711 new firms in 2017 to just 25 last year \u2014 as more companies seek out financially greener pastures, according to the report.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>San Francisco has failed to recover form the pandemic at a rate far worse than peer cities. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>The downtown corridor of San Francisco used to draw huge crowds of shoppers but it\u2019s now mostly empty. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The report comes as San Francisco voters are set to weigh in on Measures C and D, two competing proposals on the June 2 ballot that would radically reshape the city\u2019s business tax system.\u00a0<\/p>\n<p>The think tank\u2019s report found that a hypothetical payment processing firm would owe about $60.5 million a year in San Francisco business taxes \u2014 compared to roughly $5.1 million in Seattle. <\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>Meanwhile, a mock cloud storage company would pay about $24.2 million, more than three times what it would face in competing cities.<\/p>\n<p>\u201cSan Francisco continues to offer extraordinary advantages in talent, innovation, and global connectivity, but this report makes clear that the city\u2019s tax structure has become a growing competitive disadvantage,\u201d said Jeff Bellisario, executive director of the Bay Area Council Economic Institute.\u00a0<\/p>\n<p>\u201cOther knowledge-economy cities facing many of the same post-pandemic challenges have recovered more successfully than San Francisco. This report shows that tax competitiveness matters, particularly in industries where companies can increasingly deploy talent and investment across multiple regions.\u201d<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<h2 class=\"wp-block-heading\"><strong>Download The California Post App, follow us on social, and subscribe to our newsletters <\/strong><\/h2>\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>California Post News<\/strong>: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedIn<br \/><strong>California Post Sports<\/strong> Facebook, Instagram, TikTok, YouTube, X<br \/><strong>California Post  <\/strong>Opinion <br \/><strong>California Post Newsletters<\/strong>: Sign up here!<br \/><strong>California Post App<\/strong>: Download here!<br \/><strong>Home delivery<\/strong>: Sign up here!<br \/><strong>Page Six Hollywood<\/strong>: Sign up here!<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n<p>Measure C, which is backed by business interests, would expand exemptions for smaller businesses in San Francisco \u2014 raising the cutoff from $5 million to $7.5 million in revenue \u2014 while accelerating scheduled tax increases on larger companies, particularly through higher executive pay tax rates starting in 2027.<\/p>\n<p>Measure D, which is supported by labor unions and opposed by Mayor Daniel Lurie and the city\u2019s Chamber of Commerce, would broaden the CEO tax by basing the figure on a company\u2019s entire workforce \u2014 not just San Francisco employees.\u00a0<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Mayor Daniel Lurie is opposing Measure D, which would radically change the city\u2019s business tax structure. <span class=\"credit\">Getty Images for HumanX Conference<\/span><\/figcaption><\/figure>\n<p>The measure would also significantly raise tax rates and lock them in place by requiring voter approval to reduce it, turning the executive tax into a larger and more permanent revenue stream.<\/p>\n<p>Neighbors for a Better San Francisco, a moderate-leaning advocacy group, announced in February it planned to spend $10 million to kill the CEO tax, while other political groups in the city are actively opposing the measure.<\/p>\n<p>\u201cEvery other city is rolling out the welcome mat for businesses while Prop D\u2019s proponents are trying to lock the door,\u201d Steven Buss, co-director of the political advocacy group GrowSF, told The Post. <\/p>\n<p>\u201cProp D doubles down on the exact policies that are driving jobs out and driving vacancies up. Prop D is how we turn our recovery into a collapse.\u201d<\/p>\n<p>The Bay Area Council\u2019s report frames the upcoming election as a critical moment, warning that the city\u2019s cost of doing business is already pushing companies to rethink whether to grow \u2014 or even stay \u2014 in San Francisco.<\/p>\n<figure class=\"nyp-slideshow-modal-image wp-block-image aligncenter size-large\"><figcaption>Downbtown shoppers are far and few between as many stores close and office space vacancies remain high. <span class=\"credit\">JOHN G MABANGLO\/EPA-EFE\/Shutterstock<\/span><\/figcaption><\/figure>\n<p>San Francisco is clearly losing ground compared to other cities, <\/p>\n<p>While places like Austin have added jobs \u2014 up 17.4% since 2020 \u2014 San Francisco is still digging out of a hole. The city posted the largest losses in office-based industries like tech and finance, which are the backbone of the local economy.<\/p>\n<p>The think tank\u2019s report argues that taxes are a key differentiator.<\/p>\n<p>San Francisco is one of the few major cities that taxes businesses directly on gross receipts, payroll and other factors, layering multiple taxes on top of each other. Even after recent reforms, many companies actually saw their bills go up, the study found.<\/p>\n<div class=\"single__inline-module inline-module inline-module--newsletter aligncenter inline-module--nypostbusinessunit aligncenter wp-block-nypost-editor-newsletter\" data-source-unit=\"Inline Newsletter Module Cali - Morning Report\">\n<div class=\"inline-module__inner\">\n<div class=\"inline-module__title-wrapper\">\n<div class=\"inline-module__unsubmitted-title-wrapper\">\n<h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\t\tSign up for the California Morning Report newsletter\t\t\t\t\t\t<\/h3>\n<p class=\"inline-module__cta\">\n\t\t\t\t\t\t\tCalifornia&#8217;s top news, sports and entertainment delivered to your inbox every day.\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<p><h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\tThanks for signing up!\t\t\t\t\t<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>In one example, a firm\u2019s annual tax burden jumped from about $19.2 million to $24.2 million after the latest changes took effect.<\/p>\n<p>The shift to remote work has had one of the biggest impacts on San Francisco\u2019s bottom line.<\/p>\n<p>Weekday foot traffic is still hovering at roughly half of what it was before COVID, and average monthly sales tax revenue downtown has fallen from about $39 million before the pandemic to around $26 million.<\/p>\n<p>San Francisco is now staring down the barrel of a projected $643 million two-year budget deficit, and Lurie began a round of layoffs by handing out 127 pink slips last month. <\/p>\n<p>Up to 500 more workers could be laid off as the city attempts to balance its budget.<\/p>\n<p>\u201cThe steps we have taken, let me reiterate, are incredibly painful,\u201d Lurie said last month. \u201cBut they are necessary to continue the work we have been doing to manage taxpayer dollars responsibly, deliver the best possible services and set up our city for a long, lasting recovery.\u201d<\/p>\n<\/p><\/div>\n<p><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><br \/>\n<br \/><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; 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display:grid; place-items:center;\">\r\n\t\r\n<!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114303\" data-width=\"125\" data-height=\"125\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114303});<\/script>\r\n<!--JuicyAds END-->\r\n\t<\/div>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u7ad6\u680f\uff1a160\u00d7600 \u6574\u5217\u9ad8\u5e7f\u544a -->\r\n  <div style=\"grid-row:3\/8; height:600px;  display:grid; place-items:center;\">\r\n    <!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114301\" data-width=\"160\" data-height=\"600\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114301});<\/script>\r\n<!--JuicyAds END-->\r\n  <\/div>\r\n\r\n<\/div><br \/>\n<br \/><a href=\"https:\/\/nypost.com\/2026\/05\/06\/us-news\/san-francisco-crazy-high-business-taxes-could-get-even-worse\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco has been a case study in how not to run a city, but&#8230;<\/p>\n","protected":false},"author":1,"featured_media":8550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[349],"tags":[69,5863,1205,85,298,1829,356],"class_list":["post-8549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-business","tag-crazy","tag-francisco","tag-high","tag-san","tag-taxes","tag-worse"],"featured_image_urls":{"full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes.jpg",1200,799,false],"thumbnail":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes-150x150.jpg",150,150,true],"medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes-300x200.jpg",300,200,true],"medium_large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes-768x511.jpg",640,426,true],"large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes-1024x682.jpg",640,426,true],"1536x1536":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes.jpg",1200,799,false],"2048x2048":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes.jpg",1200,799,false],"covernews-slider-full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes-1115x715.jpg",1115,715,true],"covernews-slider-center":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes-800x500.jpg",800,500,true],"covernews-featured":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes-1024x682.jpg",1024,682,true],"covernews-medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes-540x340.jpg",540,340,true],"covernews-medium-square":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/05\/comp-SF-taxes-400x250.jpg",400,250,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/8657085.xyz\/?author=1"},"category_info":"<a href=\"https:\/\/8657085.xyz\/?cat=349\" rel=\"category\">Blog<\/a>","tag_info":"Blog","comment_count":"0","_links":{"self":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/8549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8549"}],"version-history":[{"count":0,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/8549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/media\/8550"}],"wp:attachment":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}