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Thursday, January 28, 2010

Oregon Voters Approve Tax Hikes on the 'Rich'

On Tuesday, Oregon voters approved two ballot measures increasing individual and business income taxes by a 53%-47% vote:

  • Measure 66 raises income tax rates by 2% (to 11%) on individuals earning more than $125,000, and married couples earning more than $250,000
  • Measure 67 replaces Oregon's $10-minimum corporate income tax with a minimum tax of $150 or 0.1% of gross revenues in excess of $500,000.

Press and blogosphere coverage:

http://taxprof.typepad.com/taxprof_blog/2010/01/roundup-on-oregons.html

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The voters in Oregon have voted to tax "the rich" to pay tribute to the state's public employee unions. They... [Read More]

Tracked on Jan 28, 2010 4:27:38 PM

Comments

For all you evil rich people and businesses in Oregon, there are other states where you are appreciated and not abused by leeches with wealth-envy.

Posted by: Woody | Jan 29, 2010 11:14:36 AM