voting on tax increases

[skysidhe]

Originally Posted by Redux

It sounds to me like the Oregon initiative.

And what little I know of it, its impact on most voters and most businesses would be marginal but it would help balance the state budget and prevent state service or job cuts.

As I understand it. most individual would see no personal tax increase and most corporations would end up paying $150/yr instead of $10/year in state corporate taxes.

I dont see how it would hurt those corporations or government jobs and I dont know of any federal matching funds program that would be impacted.

I guess it comes down to how you feel about taxes generally.

What does "tax fairness" mean to you? Does it mean all taxpayers should pay the same rate or is it fair for higher income earners to pay a higher percentage.

exactly

Originally Posted by skysidhe

exactly

If we were not in a recession I might not be having such a hard time. I want the corporations to pay more. I want the schools to have services and medicare to be there for the elderly.

Yet there is this alternate opinion.

We estimate Measures 66 and 67 would mean approximately 47,000 fewer jobs in the state through 2018. That number rises as high as 55,000 if taxpayers doubt that the partial retreat in rates promised in the measures actually will occur.

Many of the taxpayers targeted by these measures would leave Oregon and take their taxable incomes elsewhere. If Measure 66 and 67 pass, the average biennial loss in adjusted gross income would be approximately $1.1 billion, or $5.6 billion over a 10-year period.

If both measures pass, Oregon would lose about 8,000 more of these mobile taxpayers per year than otherwise – as many as 80,000 filers over a 10-year period.

As I said...consider the source.

I dont know the source for the above...probably a "tax freedom" org or business org? But it is hard for me to understand how such a marginal increase in corporate taxes and a small (1%) personal tax increase that only affects 2% of the population would have that adverse job impact.

But I am biased when it comes to tax fairness.