when it comes to raising taxes in Oregon, my first inclination is to vote NO for several reasons.
#1 local and state government has not proven to me that they can manage money properly
#2 I am broke!
What really throws a red flag for me is any time that they mention a tax measure will
"These funds preserve class sizes, save jobs for teachers, provide seniors with in-home care, and provide health care for thousands of Oregonians through the Oregon Health Plan."
I don't want to just walk to the ballot box to vote no, I want to run.
how many times have we been fooled by this rhetoric?
It's for the kids...BS!
I also find it interesting looking at some of the flyers in favor of these measures. for example...
"It's simple: Corporations should pay more then $10 in Oregon income taxes"
"The Plan: Increase the $10 corporate minimum income tax to $150"
First of all the ads are making it sound like all business only pay $10 in corporate taxes. not true
It is true that Oregon's corporate tax rate is 6.6% and is subject to a $10 minimum tax.
secondly, they are throwing around the word "CORPORATION" to give the impression that we're only talking about businesses like Nike, Albertsons, Exxon, etc. and forgetting that there are a large percentage of corporations that GROSS under $100,000, which is not a lot of money in this day and age.
Heres a little bit of trivia, did you know that corporations and other business also pay any PERSONAL PROPERTY TAX IN THE STATE OF OREGON?
Oregon Department of revenue Oregon law requires all personal property to be valued at 100% of its real market value... listing should include items that have been fully appreciated, in storage, our expense... and must file a return by March 1 with a listing of all assets, data acquisition, cost, and a statement of real market value. [Believer or not, this does include toilet paper... seriously]
Back when I had my business that meant I had to include everything within the business to include sales counters, clocks, toilet paper [seriously] any inventory and test equipment, computers, store signs and the list goes on.
When I bought my business, the owner was anxious to sell before March 1 because after March 1 the new owner gets stuck with these taxes I've never heard of before. Basically, it blindsided me with a unexpected $5,000 bill and that was back in 1995.
One of the other arguments that I love, "97.5% of taxpayers will not see their taxes increased."
While that may be true, common sense says that any time that you increase taxes on businesses of any size, they will pass that increase to the consumer.
Oregon also has a self employment tax which covers all business in Oregon. Part of this self employment tax in Lane County is for LTD. [never have ridden the bus, but I sure I paid for it]
The only good thing that I can see in favor of these measures is that people on unemployment will get a tax break on the first $2400 that they receive in unemployment benefits.
I always thought that taxing unemployment was dumb in the first place, but then again we are talking about Oregon.