The most expensive metro area in the U.S. is worse than Rwanda and Zimbabwe, and almost as bad as Guatemala and Suriname when it comes to the “haves” and the “have nots” according to San Francisco’s Human Services Agency, reviewing dozens of economic factors, including the “Gini Coefficient.”
Health experts addressed San Francisco’s Board of Supervisors this week to say a soda tax would compel changes in behavior in low-income neighborhoods and minority communities.
Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
It comes as no surprise that San Francisco and Oakland are top 10 among major United States cities for the earning gap between the haves and have-nots. However, you may be surprised to hear that San Jose ranks much lower among the 50 largest cities on income disparity, according to a Brookings Institute report.
Many people aspire to earn a six-figure income, but only about one-fifth of the nation’s households succeed. And, according to recent research, those six-figure families tend to congregate in a handful of cities, several of which are in the Bay Area.
Chevron said its net income fell 5 percent in the first quarter as oil prices slipped.
A new report says Silicon Valley bounced out of the recession last year, adding jobs, income and initial public offerings.
Cisco, the world’s largest maker of computer networking equipment, says its net income jumped 44 percent in the latest quarter as it continues to put last year’s slump behind it.
Clorox Co.’s net income plummeted nearly 40 percent in the fiscal first quarter, largely because last year’s period included the benefit of selling a unit.
Discount broker Charles Schwab Corp. said Monday its third-quarter net income rose 77 percent as more investors turned to the company’s advisory services amid increased market volatility and stock trading increased.