the state of California is functionally dependent on PIT & cap gains revenue from the Bay Area. Cities are highly restricted.pic.twitter.com/0izevtHQpN
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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the state of California is functionally dependent on PIT & cap gains revenue from the Bay Area. Cities are highly restricted.pic.twitter.com/0izevtHQpN
Yup… I really like @Pinboard but he is missing the facts here.
I’m calling for reforms in these areas, and structural funding of local government in CA. Not sure why the handclaps
Sorry I'm soooooooooooo tired of people not understanding the tax structure of the state. There's land wealth, corporate wealth, equity....
is there a nice online rant somewhere that goes into this? I think it’s a fascinating topic, understand your frustration
Not really because I also don't fully understand it. :-) but that SCO report from Betty Yee has some perspective (at least for CA)
This is not even to mention intl corporate tax reform in which multiple govts claim a share of this tech co revenue.
I think this is the point. The complexity of the issue prevents it from being a single dimension.
In San Jose's specific case, it's because it's the bedroom community to the Northern Santa Clara County citieshttp://www.spur.org/publications/spur-report/2016-05-12/back-black …
It has to house hundreds of thousands of workers & provide police, fire, schools w/out a stable tax revenue base while the county's
Northern cities have the corporate HQs, hoard the local tax revenue from AAPL, Google, FB but don't have to provide services to workers
There's no regional tax sharing nor any incentive for the northern SC county cities to share that revenue w SJ.
Good point. Like so much else, a lot of it is distortions in land use. Palo Alto pretending it can still be a suburb
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