Re:Why Did An Angry Man Punch Me?
by aeorgnoieang on Thursday January 16, 2014 @01:42PM
(#7071522)
Huh? Twitter got a tax break to keep their office in downtown San Francisco. You're implying that they wouldn't have kept their office there without the tax break. Are you saying they would have moved their office somewhere else in San Francisco, but not downtown? If not, how would San Francisco have been able to tax any money from Twitter? [Presumably they're taxing something related to Twitter maintaining an office in San Francisco. If that's not the case, eh.]
[ Parent
| on HN ]
Twitter did get a tax break to keep their office in SF. [See here](http://latimesblogs.latimes.com/technology/2011/04/twitter-g...)
>> The payroll-tax break could lead to Twitter saving about $22 million in taxes over six years, the Chronicle said.
I think the gamble was the city would make this back thanks to revitalization or new workers moving into the city. In the near term, there's certainly going to be a reduction in the city coffers for taking care of punchy-guys.
I think you're missing his point. With Twitter's tax break, they're paying less taxes to the city, and without Twitter's tax break, they'd likely be paying NO taxes to the city (because they were planning to move out of the city). In the near-term, there's no reduction in the city coffers.