From a report on who pays what in Oregon taxes, prepared by the Oregon Center for Public Policy. The numbers in brackets refer to sources, which can be found where the full report is posted online.
Who pays more, low- or high-income households? The income group in Oregon that pays the highest share of their income to state and local taxes: Lowest income households. The income group in Oregon that pays the lowest share of their income to state and local taxes: The wealthiest 1 percent of households.
Have taxes increased as a share of Oregonians’ income? Oregon state and local general revenue as a share of income in 1991: 15.8 percent. Oregon state and local general revenue as a share of income in 2012: 15.0 percent.
How much do working poor Oregonians pay in income taxes? 2013 federal poverty threshold for a family of four with two children: $23,624. State income tax paid in Oregon by a family of four living at the poverty line in 2013: $230. Of the 42 states with income taxes, the number that taxed the income of a family of four living at the poverty line in 2013: 16. Oregon’s rank in taxing the income of a family of four living at the poverty line in 2013: 5th highest.
What share of income goes to the top 1 percent? Share of income going to Oregon’s top 1 percent in 2013: 14.0 percent. Share of income going to Oregon’s bottom 40 percent in 2013: 7.7 percent.
What share of capital gains income goes to the top 1 percent? Share of income from capital gains going to Oregon’s top 1 percent in 2013: 53.0 percent. Share of capital gains going to Oregon’s top 5 percent in 2013: 73.6 percent. Share of income from capital gains going to Oregon’s bottom 95 percent in 2013: 27.5 percent.
How do lottery and income tax revenues compare? Anticipated state revenue from personal income taxes in 2015-17: $15.75 billion. Anticipated state revenue from the Oregon Lottery in 2015-17: $1.13 billion. Anticipated state revenue from corporate income taxes in 2015-17: $1.08 billion.
Do corporations pay a fair share of income taxes? Share of Oregon income taxes paid by corporations in 1973-75: 18.5 percent. Share of Oregon income taxes corporations are projected to pay in 2015-17: 6.4 percent.
Additional state revenue available in 2015-17 for schools, health and human services and public safety if corporations paid the same share of the state’s income taxes as they paid in 1973-75: $2.5 billion. Amount of additional money Oregon schools needed in 2013-15 to provide all children a quality education: $2.2 billion.
Do some profitable corporations pay nothing in income taxes? Number of profitable corporations doing business in Oregon that paid the corporate minimum tax in tax year 2012: 3,294. Number of corporations with Oregon profits that used tax credits to reduce their 2012 tax liability below the corporate minimum tax: 218. Number of corporations with Oregon profits that paid nothing in Oregon corporate income taxes for tax year 2012: 169. Number of corporations with over $1 million in Oregon profits that paid nothing in Oregon corporate income taxes for tax year 2012: at least 49. The names of corporations that paid nothing in corporate income taxes that support the public structures that create a strong business climate: The legislature has yet to make this public.
Who itemizes deductions and who uses the standard deduction? Share of Oregonians who itemized their deductions in 2013: 47.0 percent. Share of Oregonians who used the standard deduction in 2013: 53.0 percent. Share of Oregonians earning $100,000 or less in 2013 who itemized: 39.7 percent. Share of Oregonians earning $100,000 or less in 2013 who used the standard deduction: 60.3 percent. Share of Oregon’s wealthiest 1 percent who itemized in 2013: 95.5 percent.
Share of the mortgage interest deduction benefits going to the highest-earning 20 percent of Oregonians in 2011: 61 percent.
Who benefits from the Oregon EITC? Projected 2015-17 cost of the Oregon Earned Income Tax Credit (EITC): $105 million. Share of Oregon taxpayers benefiting from the Oregon EITC in 2013: About 16 percent. Share of Oregon EITC going to working families in 2013: 100 percent.