Corporate Tax Hike...Homework Ahead

[Wonky3]

We are looking at one of those things that will require some attention, reading, and study. 

Excerpt from todays (6/8) Mail Tribune:

By Kristena Hansen
The Associated Press
PORTLAND — The biggest corporate tax hike proposal in Oregon history is headed to voters this fall.
On Monday, state elections officials approved more than 95,000 signatures Initiative Petition 28. The measure could generate an extra $3 billion in annual tax revenue from the state’s 1,000 largest businesses — a quarter percent-boost to the state’s general fund that’s earmarked specifically to education, health care and senior services.
IP 28’ s public unionbackers say it’d help solve decades-long funding issues in those three core areas and only from the wealthiest companies in Oregon, where they pay a sliver of the tax base that’s otherwise heavily reliant on personal income after the idea of a sales tax repeatedly failed to pass muster with voters.
But how it’d actually be spent is a question mark. The money would benefit the measure’s three specified areas, where the bulk of general fund money already goes, but not all of it. A portion would automatically go to a transportation fund, as the state Constitution requires, and spending the rest would be up to the Democratic-controlled...

[SFLiberal]

No homework needed. Voting no. Great way to send jobs out-of-state. Just ask the Socialist State of Kalifornia how well it works.

[Wonky3]

No homework needed.  Voting no.  Great way to send jobs out-of-state.  Just ask the Socialist State of Kalifornia how well it works.

Well, you have read and studied more than I. I don't know what the "real" corporate tax rate is for Oregon businesses. Most of the stuff I read reports that there is always a significant difference between the published tax rate and what is actually paid after "loopholes". 

We do know that the laws that established "The Corporation" mandated civil and civil responsibilities for the privileges afforded. 

So, corporate taxes are important in funding necessary state programs. But, we want that tax to be resonable and fair to keep businesses in our state. 

I STILL have homework to do.

[chuck white]

Money to the people

[Wonky3]

Money to the people

From where?

[cletus1]

Money to the people

From where?

From the government through tax equality. You know dude, when the rich step up and pay their fair share instead of paying too small a percent of the tax burden.

[SFLiberal]

Money to the people

From where?

From the government through tax equality. You know dude, when the rich step up and pay their fair share instead of paying too small a percent of the tax burden.

Cause you're a lazy ass.  Too lazy to actually go out and start your own business.  Too lazy to invest your own time and money into a business.  No, you would rather be a sponge.

[Wonky3]

Money to the people

From where?

From the government through tax equality. You know dude, when the rich step up and pay their fair share instead of paying too small a percent of the tax burden.

Cause you're a lazy ass.  Too lazy to actually go out and start your own business.  Too lazy to invest your own time and money into a business.  No, you would rather be a sponge.

 
Ignorace is bliss. The man had a successful business (Self started), was an administrator at a physical plant, and is everythng you claim to admire. 
But why do I bother.
Go away.
Go far, far away.

[cletus1]

Money to the people

From where?

From the government through tax equality. You know dude, when the rich step up and pay their fair share instead of paying too small a percent of the tax burden.

Cause you're a lazy ass.  Too lazy to actually go out and start your own business.  Too lazy to invest your own time and money into a business.  No, you would rather be a sponge.

You don't know me Shit For Brains or what my income is or how much money I have. 

Lots of people want the rich to pay more in taxes, so that the average American worker can save a little more money. Is Warren Buffet a lazy ass? He supports paying more in taxes and so do other successful business people. Idiot!

[cletus1]

I don't know how Oregon compares to other states relative to corporate taxes, but here is a pie chart of Federal Income tax receipts by source. I don't draw any conclusions from the chart because I have not researched corporate tax schedules to know if it should be increased Federally or by Oregon. I assume it does need to go up, but by how much I can't say. 

I know the first thing out of the mouths of Republicans will be that raising corporate taxes will send more jobs overseas. That however can be partly remedied to some degree, by adopting some mandated incentives to keep jobs here.

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[chuck white]

Money to the people

From where?

Federal reserve bank, just like the international bankers.

[bbqboy]

The Kansas experiment in doing away with taxes on LLC's and business has resulted in an unprecedented crisis back there. 
The predictable result was that with no motive or enticement to reinvest in jobs, even though that ostensibly was the reason, the folks took their new found booty and kept it. Farmers taking European vacations, stuff like that, all at the bidding of the Kochs.

[Wonky3]

The Kansas experiment in doing away with taxes on LLC's and business has resulted in an unprecedented crisis back there. 
The predictable result was that with no motive or enticement to reinvest in jobs, even though that ostensibly was the reason, the folks took their new found booty and kept it. Farmers taking European vacations, stuff like that, all at the bidding of the Kochs.

Oh yeah! 
As told by Thomas Frank in "What's the matter with Kansas". 
Greaat read.

[Cuzz]

The Kansas experiment in doing away with taxes on LLC's and business has resulted in an unprecedented crisis back there. 
The predictable result was that with no motive or enticement to reinvest in jobs, even though that ostensibly was the reason, the folks took their new found booty and kept it. Farmers taking European vacations, stuff like that, all at the bidding of the Kochs.

Oh yeah! 
As told by Thomas Frank in "What's the matter with Kansas". 
Greaat read.

Maybe we should start a pool on which state will try it next.  

[bbqboy]

The Kansas experiment in doing away with taxes on LLC's and business has resulted in an unprecedented crisis back there. 
The predictable result was that with no motive or enticement to reinvest in jobs, even though that ostensibly was the reason, the folks took their new found booty and kept it. Farmers taking European vacations, stuff like that, all at the bidding of the Kochs.

Oh yeah! 
As told by Thomas Frank in "What's the matter with Kansas". 
Greaat read.

Maybe we should start a pool on which state will try it next.  

Well, the jizzfest they are having back there (for repubs) is the GOP playbook to a T. First starve the revenues, then cut programs because of lack of revenue. It is like the polar opposite of Oregon.
They raised the sales tax to 10% with the result that people drive miles to shop in surrounding states.
I would be dead if I lived back there.

[Wonky3]

The Kansas experiment in doing away with taxes on LLC's and business has resulted in an unprecedented crisis back there. 
The predictable result was that with no motive or enticement to reinvest in jobs, even though that ostensibly was the reason, the folks took their new found booty and kept it. Farmers taking European vacations, stuff like that, all at the bidding of the Kochs.

Oh yeah! 
As told by Thomas Frank in "What's the matter with Kansas". 
Greaat read.

Maybe we should start a pool on which state will try it next.  

We don't have to wait.

Another good read is "Deer Hunting with Jesus", Joe Pageant. (Sounds like a silly title: Not so, a good read about a journalist who retires and returns to his hometown in Virginia and writes how the locals consistantly vote against their own best self interests) 

Hard choices here! None of us want to pay high taxes to governments that waste our hard earned money (or worse, flat out steal it). Democratic republics work best when informed citizens are alert and active in watching those who make our laws and govern us. As we know all too well, it starts close to home and works outward from there. 

Here in Jackson County we have a "Lame Duck" Supervior who simply does not show up for work now. Still getting paid to the tune of almost a hundred grand a year. Our young active folks should be out in force demanding he resign NOW.