not 1-1. a personal wealth tax is not felt or distributed down lane. As long as ... | Hacker News

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gmadsen on Nov 5, 2020 | parent | context | favorite | on: San Francisco voters approve taxes on highly paid ...

not 1-1.

a personal wealth tax is not felt or distributed down lane. As long as it is not a company tax, it will not be directly pointed to the buyer.

kansface on Nov 5, 2020 | [–]

> The tax will levy an extra 0.1% to 0.6% on gross receipts made in San Francisco for companies ...

stale2002 on Nov 5, 2020 | [–]

> personal wealth tax is not felt

Yes it would be. A tax on salaries, would force companies to have to pay more to attract talent.

And these are additional costs that the company would have to pay.

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