Ok, so whoever wrote that simply repeated the fallacy that the corporate tax would be passed on to consumers. Look at this comprehensive study which found no correlation between state corporate taxes and consumer prices. http://oregonconsumerleague.org/wp-content/uploads/Side-by-Side-Shopping-Cart-Study.pdf In addition to not bearing out in the real world, I think that theory in general is faulty. If a business incurs a higher cost to sell a good, that higher cost will either eat into profits or be passed onto the consumer. It depends on the elasticity of demand on that product. Businesses already set their prices according to what they think will maximize profit, so they thought they could sell it for more and not drive down demand to the point of a net loss, they'd already be selling the product for that amount. It's a shame that this sort of bs is being used to scare the public away from a tax increase that would bring in billions and shift the tax burden more towards wealthy corporations.
I actually miss Portland. Have not been for a visit in several years. Hope to fix that this summer! (I am not coming back for the winters, thanks)
This is how I feel reading everything online and on my FB page about Hillary. I absolutely loathe both of our presidential candidates, and they are total scumbags. The difference is Trump supporters know he's a scumbag. Hillary supporters won't say nary a bad thing about her. Vote for whomever you like, but be honest with yourself about the number of shortcomings BOTH candidates have.
Visiting California always seems like a good idea, until I get there. San Francisco, formerly my favorite city to visit, has gotten so dirty. And the traffic sucks pretty much everywhere. I enjoy my vacays there when I am holed up somewhere near the beach and I otherwise don't have to venture out (like my wife's aunt's oceanfront condo in Oceanside). Of course, Portland traffic blows now, too. Of course, I moved away from that.
I find it difficult to believe you actual think this is a valid thought. If you do, then why not tax them at 91% like dviss wants to return to? (Business were never taxed this high but that is beside the point). Fuckum take all they got! Why not?
I believe San Francisco building codes are pretty much the cause of that. You can not build anything to handle the population growth, leading to crazy housing market, leading to an increase in homeless population - this is a city bursting at the seams. Some places are better than others, but LA, SF and the East bay are really bad pretty much consistently. I love Oceanside. I actually love the entire North SD county. So many great places - Encinitas, RSF, Solana Beach, Del Mar. Even the inland has gotten really nice in areas. There are some fantastic areas in Escondido, Carlsbad, Fallbrook etc... - I admit that I just love San Diego county at large. A really nice place.
I honestly don't understand this "fair share" mentality. What exactly is a 'fair share' and why do rich people, well off people, or businesses have to pay a 'fair share' when they are already paying taxes like the rest of us. If loopholes are your problem then go after them. But to throw more tax at successful people or companies just blows my mind. Of course I am an extreme conservative when it comes to money.
Loopholes are only part of the problem. The problem is me paying +35% for working and Paris Hilton paying 13% while lying poolside. That's also a reason why I support Estate Tax.
Also LOTS of rich people pay 0 effective tax. Donald Trump hasn't paid taxes in 18 fucking years. Fuck THAT.
I just read it was Bill Clinton that enabled one of those carry forward tax relief items. Haha. Don't blame Trump, everyone uses that dude. Blame the corrupt system.
