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b_b · 1739 days ago · link · · parent · post: San Francisco, California, Proposition L, Business Tax ("Overpaid Executive Gross Receipts Tax")
I'm confused as to why they would pick the median, as opposed to some other measure. It doesn't really make mathematical sense here. You'd think they would have gone with something like 100x the average of OT eligible employees or something, since that would only account for work-a-day types.
Any measure will cause some distortion. If the tax is effective as a deterrent to high executive pay, it is also an inducement to reduce the number of positions with lower compensation. California has many exemptions for overtime.