News for hackers. Stuff that matters.

A comment on Tech elites leaving San Francisco threaten Silicon Valley's supremacy. Parent comment

Re:Tech elites leaving San Francisco threaten Silicon Valley... by DeRock on Monday December 07, 2020 @04:50PM (#25338087)
> the wealthy has been subsidizing more than 80% of the population

CA does not tax wealth, they tax (predominately) income, and I wouldn't be so quick to equate the 2. Prop 13, for example, can mean that wealthy land owners pay almost nothing in tax if they've owned their property for a long time.

[ Parent | on HN ]
Re:Tech elites leaving San Francisco threaten Silicon Valley... by rcpt on Monday December 07, 2020 @05:17PM (#25338444)
> Prop 13

https://www.taxfairnessproject.org/ generally the wealthier you are the bigger your tax cut.

[ Parent | on HN ]