Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
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|San Francisco Will Tax Employers Based on CEO Pay Ratio|
Society for Human Resource Management [SHRM]; membership may be required to view article
Aug. 19, 2021
"Companies with a CEO pay ratio of 100:1 or more will be subject to the Measure L tax, and the tax rate will increase for every additional 100 times the CEO's pay exceeds the median worker's pay. The tax rate reaches its maximum level when the ratio reaches 600 to 1, with a maximum tax on payroll of 2.4 percent or a surcharge on the gross receipts tax of up to .6 percent."
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