The City & County of SF has the seventh highest median income of all U.S. counties [0]. The GDP of the Bay Area ranks ahead of all but 16 countries [1]. If taxes are correlated with prosperity it'd seem as though SF had found a way to tax itself to prosperity. (Of course in reality economics and tax policy are far more complicated than this).

0: https://bea.gov/newsreleases/regional/lapi/lapi_newsrelease.... 1: https://web.archive.org/web/20171208145551/https://www.bea.g...