Shall the City specify that certain partnerships and other businesses are subject to the City’s payroll expense tax and expand the payroll expense tax exemption for small businesses so that businesses with annual payroll expenses of $250,000 or less would not have to pay the tax?
This proposition seems awfully similar to what Senator Obama is proposing in his tax plans. No tax for small businesses making $250,000 or less. Tax the shareholders and partners.
It is a plan to “spread the wealth” around if you will.
I will probably abstain from voting on this issue. Why can’t we just tax both? More money for the City’s coffers.