Salem made out better than it let on
Oregon tax revenues increased in 2009 -- one of only five states to show increases last year -- according to this new report. The 1.9% boost was the third largest in the nation. Individual income taxes increased 9%, while corporate income taxes fell 59%. All of this, of course, was before Measures 66 and 67. (Via TaxProf Blog.)
| Posted at 1:04 PM | Permalink |
|
Comments (9)
Good.
Posted by lige | May 13, 2010 1:48 PM
Must have been that extra money from the amnesty last fall.
Posted by Mike (one of the many) | May 13, 2010 2:40 PM
Jack, I couldn't find the info that this was pre-66/67. Where did you see it?
Posted by Ken | May 13, 2010 4:16 PM
The study talks about "collections" in 2009. I am assuming that the Measure 66 and 67 tax increases weren't "collected" until 2010, although passed in '09.
Posted by Jack Bog | May 13, 2010 4:50 PM
Stupid question; but does the 2009 fiscal year run from July 1, 2008 to June 30, 2009 or is it 2009-10?
Posted by John H | May 13, 2010 4:52 PM
Well Cali is down 15%, so much for the B-O and OCPP theory that we need one of each type of tax during a downturn. Of course, I'ms sure this story will never hit either of their WEBsites.
Posted by Steve | May 13, 2010 6:09 PM
Steve, and I'm also sure Kitzhaber and Bradberry will keep on calling for the three legged tax stool. Most studies prove that sale taxes have little affect in evening a state's tax income. Look at Washington too. They have a massive debt problem, even with their sales tax.
Posted by lw | May 13, 2010 7:19 PM
It's about time (5 yrs) for the sales tax to come up again. Will this be the 9th or 10th time? It will probably not get more than 40% as usual. Too many people remember that CA's sales tax started at 2%.
Too bad we can"t get rid of the back-door sales tax in meas 66 & 67
Posted by pdxmick | May 13, 2010 11:39 PM
There is no panacea for taxes. A sales tax is more preferable than an income tax, to me at least.
Personally, a combination of all taxes is preferable if they are at low, fair and acceptable rates.
But can we trust anyone to keep them from inflating too much?
Posted by ws | May 14, 2010 10:12 AM