Let's Consider Taxing Legal Sevices in Palo Alto.
Original post made by Solutions on Nov 1, 2007
Above is just a partial listing of private law firms extant within Palo Alto. Collectively, these firms bring in BILLIONS in untaxed revenue.
Why not include private legal services in the local sales tax? Just this tax alone would help towards keeping our city fiscally sustainable.
More communities should consider this.
on Nov 1, 2007 at 1:45 pm
Do other Cities tax law firms? If not all the law firms with offices in PA will move out and go to Cities that don't charge a law firm tax.
on Nov 1, 2007 at 1:53 pm
Most cities don't tax legal services, but there is a groundswell of activity in this area, to change that.
Why should legal services not be taxed? If we loose legal services companies - so what? What are they doing to help generate local revenue? Why shouldn't they be taxed?
on Nov 1, 2007 at 3:18 pm
Here are some interesting numbers:
Revenue per lawyer: $790,000
Profits per partner: $1.275 million
WSGR has 168 partners
WSGR this generates a *profit* (not revenue) of $214M. That's just ONE law firm.
Why aren't we taxing some of this *revenue*, which is a far higher number?
Add up all the law firms we house in Palo Alto - how important are they to the local economy? They pay no taxes, other than property taxes, if they own their own facilities. Why?