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San Francisco Passes Tax on Highly Paid Executives
Society for Human Resource Management [SHRM]; membership may be required to view article 
Nov. 10, 2020 "San Francisco voters approved a tax on businesses that pay their chief executive officer (CEO) or 'highest-paid managerial employee' well above the median salary for the rest of their employees.... If a company's top earner makes 100 times more than the company's average worker, the business will have to pay a 0.1% surcharge on its annual business tax payment. If a CEO makes 200 times more, the company will pay 0.2%. If a CEO makes 300 times more, the company will pay 0.3%. The tax will be capped at 0.6%." MORE >> |
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