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maxgramm's comments:
on Tax Referrals
Brian,
Much of the increase in state spending is due to the fact that ORegon will bring back $3.5 billion more in federal dollars to pay for schools, health care for uninsured kids, food stamps and other aid for the many people out of work. When you look at general fund anbd lotttery spending from the beginning of 07-09 biennium to this coming biennium, it's actuallly down in real dollars. That's the state tax dollars you pay.
posted 3 years, 8 months ago
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on Tax Referrals
brian,
Remember here the increase is only on the margain over $250K (125K for individuals). So for every 10K more you earn in AGI, you would pay $180 more in taxes. That seems pretty reasonable. And remember, after four years, all those rates roll back down to 9.9%. I agree that our rate is high, but since the increase is only on the margin, then it is much less than most people think.
posted 3 years, 8 months ago
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on Tax Referrals
but the minimum is never more than 1/10 of one percent of gross oregon sales, Alan.
posted 3 years, 8 months ago
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on Tax Referrals
How can you be herrmoraghing when you have $100 million in Oregon sales. That's the level of sales you must reach to pay $100,000 in the corproate minimum.
posted 3 years, 8 months ago
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on Tax Referrals
It's improtant to note that under the new corproate minimum plan, no business would pay more than one-ten th of one percent of gross Oregon sales.
posted 3 years, 8 months ago
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