Asurprising reality check in the Portland Oregonian noting that a piece of conventional wisdom – that Oregon has some of the highest taxes on business in the west – is simply wrong.
From the story: “Despite election-year rhetoric that businesses are overtaxed, no state asks businesses to pay a lighter share of its state budget than Oregon does, according to the Council on State Taxation, which represents big business,” the paper noted. It went on well beyond organizational anlayses to do its own, noting that individual Oregon taxpayers may several times as much per taxable dollar as do businesses.
As to the Council on State Taxation . . . let’s pause a moment. It describes itself as “a nonprofit trade association consisting of approximately 570 multistate corporations engaged in interstate and international business.” Its credentials as a reasonable judge of which entities charge business comparatively more or less seem solid. In one study, it compares the corporate income tax rates of the states. Oregon’s is 6.6% (just over two-thirds the rate for individuals); in super pro-business Idaho the rate is 7.6%, in California 8.8%, in super-fast growing Arizona, 7%. (Washington, of course, lacks an income tax but does have a business tax which makes up for it.)
The Oregonian piece amply deserves to throw twist in a run of fast-charging political rhetoric this year. And not only in Oregon.Share on Facebook