Amid Bay Area exodus, new factor emerges for states luring headquarters

(Disclosure: Rose Law Group represents Ann Siner of My Sister’s Closet and Judge John Buttrick in their litigation efforts against 208.) 

By Mark Calvey | San Francisco Business Times

Bay Area companies leaving California often cite lower taxes and a business-friendly environment in requirements for their new hometown. But another factor could be emerging on the wish list for their new destination: A difficulty in raising taxes once they get there.

It hasn’t been a known factor in a California relocation yet, but the issue moved onto the radar screen after Arizona last month passed Prop. 208, a 3.5% income-tax surcharge on high earners, taking the tax on married couples making more than $500,000 a year from 4.5% to 8% to pay for higher teacher salaries. The tax hits businesses that pass through or report income on the owner’s personal income tax returns.

Read the full subscription story from the San Francisco Business Times.

Help fund the litigation effort of a small business owner and retired Judge in challenging the constitutionality of Proposition 208.

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
December 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031