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- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
Please clarify for your listeners: The idea that taxes are not paid on corporate profits in Oregon is simply not true, at least for the many corporations like mine that are "Subchapter S" type: Every penny of profit my corporation makes is taxed by the State of Oregon at my highest marginal personal tax rate because, even when all money is kept in the corporation, it is treated as if it is the personal income of the owners for tax purposes. So, while our company doesn't write the check for the taxes, trust me, it gets written, by me, every year. To pretend that this isn't a tax on corporate profits is as silly as suggesting that employees don't pay taxes simply because the check is written by the company as withholding and not directly by the employee. In short, employees do pay taxes and, our corporation at least, very definitely pays taxes on every penny of profit we make.
posted 4 years, 2 months ago
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