Movin' on up? In Oregon, not so much.
Here's an interesting map. It shows how quickly the population in each state is breaking into the $200,000-plus earnings bracket. Oregon's ranked 44th out of 50. [Via TaxProf Blog.]
| Posted at 5:09 PM | Permalink |
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Comments (10)
We don't want any greedy rich people in Oregon anyway. Right?
Posted by John Fairplay | August 29, 2011 5:27 PM
But I can bike to a foodcart!
Posted by Snards | August 29, 2011 6:41 PM
They're going to have to keep lowering the Measure 66 income thresholds.
Posted by stuart | August 29, 2011 7:01 PM
If they break out Clark County, WA, it would look much better than Oregon.
I know dozens of wealthy retirees who moved there, many before they retired.
Posted by Mister Tee | August 30, 2011 6:00 AM
A quote buried in a recent Oregonian article...... "Private and Corporate wealth is leaving the area"
Posted by David E Gilmore | August 30, 2011 7:33 AM
Whoa, there! I thought articles in the NYT were painting a fair rosy picture of things here in New Eden?
Fantasy? Paid advertising? Political propaganda?
Posted by Mr. Grumpy | August 30, 2011 9:30 AM
The New York Times does not pull any punches in recognizing our state's prolonged economic distress.
Here is a column from last week ranking states in terms of children in food-insecure households. Oregon is second worst, with 29.2% of its children in such households.
That is some shameful s#!+.
Posted by Gen. Ambrose Burnside, Ret. | August 30, 2011 10:07 AM
Oops, here is the column:
http://www.nytimes.com/2011/08/27/opinion/blow-failing-forward.html
Posted by Gen. Ambrose Burnside, Ret. | August 30, 2011 11:58 AM
If you're retired, why would you move to a state with a sales tax but no income tax?
Posted by Roger | August 30, 2011 1:42 PM
Because retirement income (pensions, SSI, 401k/IRA withdrawals) are generally taxable. As are stock dividends and income from corporate bonds and CDs.
If you plan on retiring poor, then an income tax is of little consequence. If you plan on retiring rich, it makes all the difference in the world.
Plus, you can shop at Jantzen Beach and Cascade Station and avoid sales tax on just about everything except a car.
Posted by Mister Tee | August 31, 2011 6:17 AM