No on Mearsure 66 & 67

Sorry, but you have absolutely no idea what you are talking about. This tax bill DOES tax REVENUE, in addition to profit.

Do you understand the difference between "revenue" and "profit"? For low-margin companies, they could pay tax even though they made NO money (profit) for the year (under this tax bill).

This is why we should require a minimum level of intelligence in order to vote.

 

i actually said the wrong thing

 

In case you're curious, I am going to vote for EVERY bill that raises taxes not on the lower class.

 

That's a great theory. Who will those "lower class" work for when businesses leave, or don't come to Oregon?

 

you mean when you stop needing your plumbing fixed or your cable installed or your car fixed?

 

Nice. You think Oregon can have a strong, competitive economy with only the service industry.

 

Nice. You think the economy will collapse if the taxes go up slightly, and companies will stay here or come here if our taxes are slightly lower than somewhere else in the country. Because that initial investment of moving an entire company is worth the savings in taxes.

 

Yep. it's always just a "little bit more", "just a little bit more". Nothing bad will happen if we just have people pay "a little bit more".

You clearly have no idea what implications taxes have on corporations and where they decide to do business.

 

you clearly have no idea what the taxes were like under clinton's "AWFUL depression" or even Reagan's.

 

All of the above aside...

Do you really think companies should be taxed on REVENUE in addition to profit?

 

Were revenues taxed during either of those instances?

 

I was referring more so to the income taxes, not the corporate taxes.

 

No, I think they should be taxed on profit. But how do you stop the company from just raising the wages of their C(*)O's, and thus not worrying about profit tax?

 

Then voting for this bill isn't very smart.

Why would you want to? If the company pays their C(*)Os higher wages, that will come back in personal income tax.

 

The sentiment that big companies will want to leave this area with more taxation is so very true. Our own little silicon valley in hillsboro has been taken a hit last few years with some companies leaving the area.

I work at a prestigious engineering company and more taxes means more cuts of employees and possible relocation.....so help a brother out and vote NO

 

In Washington State, the B&O Tax on businesses is a percentage of revenue, not profit. That's because it is much, much easier for the tax agency to verify revenue than it is profit. Besides ease of verification, a second reason to tax revenue, not profit, is that that's how it's done for most individuals (those not claiming a business or Schedules C or D or E, etc.) as opposed to businesses. The Standard Deduction replaces business deductions for nonbusiness (i.e. most) taxpayers. So to make it easy in Oregon, just tax sales, and allow a standard deduction to replace the easily manipulated deductions. In effect you'll be taxing profit, but also making it easy to verify for the tax agency.

As for whether businesses are leaving the state due to taxes, that same claim is made for every state. It can't be true for all states. There must be "from" states and "to" states. Does anyone have a link to a list of all states, and how many jobs were lost in a certain year due to taxes? There should be many states on the list showing job gains, because the jobs supposedly emigrated from some states to others. (I think this stuff is made up, but a credible link might convince me otherwise.)

 

One thing that doesn't seem to get much notice when voters go into 'not in this economy' mode, is that, if the individual tax measure passes there will be no income taxes on the first $2400 of unemployment benefits in 2009.

Go Blazers

 

I can live with that, but I would rather there be no taxes on any unemployment. I can tell you from experience that you need all that and more to get by in today's economy. I can't feel too sorry for big business when they are talking about taxing my health insurance when I do get back to work. We pay high premiums now to cover the uninsured, and now they want to tax it besides? Bull Shit.