Love @GavinNewsom but gotta agree with @AnandWrites https://twitter.com/AnandWrites/status/1141088503859687424 …
State and municipal tax is waaaaaaay easier than federal.
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I could tell many stories about how tech firms lobbied their way into lower municipal taxes in Oakland, Berkeley, SF, etc.
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Berkeley and Oakland still don’t have any or many particularly large cos. Square still hasn’t moved in. But CA makes up for some of it on the income tax side as it has the most progressive PIT in the country.
End of conversation
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Also, there’s the level above the tech firms where the owners and execs park all their trillions in family offices and VC funds and philanthropic foundations where numerous tax avoidance strategies are practiced to dodge the state and fed taxman.
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