NOT FOR REPRINT
San Francisco Billionaire Punches Back Against 'Overpaid CEO' Tax
News April 22, 2026 at 09:36 AM
Share & Print
What You Need To Know
- In June, voters in San Francisco will decide whether to impose an eight-fold increase to a gross-receipts tax on large companies whose highest paid executive earns 100 times or more than their median employee.
- Chris Larsen and other entrepreneurs are backing a competing measure to lower the tax.
- Supporters of the tax say it would make up for some of Trump's spending cuts and reduce the city's structural deficit.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
Recently Updated Q&As
What is the temporary “senior deduction” deduction for taxpayers age 65 and over?
Get Answer
Recently Updated Q&As
What is the temporary deduction for auto loan interest?
Get Answer
Recently Updated Q&As
What is the temporary deduction for overtime income?
Get Answer
Recently Updated Q&As
What is the temporary deduction for tip income?
Get Answer
Recently Updated Q&As
What is a high deductible health plan for purposes of an HSA?
Get Answer
Recently Updated Q&As
Are remote workers eligible for leave under the Family and Medical Leave Act (FMLA)?
Get Answer
Recently Updated Q&As
What is the CARES Act employee retention tax credit that was available during 2020 and 2021?
Get Answer
Recently Updated Q&As
Who must file a return?
Get Answer