Esq.
Dec. 1, 2011
A Taxing Fight for Partners
San Francisco law firms fight the city over partner profits.
San Francisco is staring into a budget crater. According to the city controller's office, it faces a deficit of $306 million in 2011 that's expected to rise to $480 million next year. City government can't afford to leave a potential source of tax revenue on the table. Hence, Proposition Q.
Passed by voters in 2008, Prop. Q extends the city's payroll expense tax - a levy of 1.5 percent on all wages employees performing work in the city are paid if their company has payroll ...
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