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Old 01-22-2010, 03:30 PM   #5
Redux
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It sounds to me like the Oregon initiative.

And what little I know of it, its impact on most voters and most businesses would be marginal but it would help balance the state budget and prevent state service or job cuts.

As I understand it. most individual (like 98%) would see no personal tax increase and most corporations (like 90%) would end up paying $150/yr instead of $10/year in state corporate taxes.

I dont see how it would hurt those corporations and the tax certainly wouldnt result in cutting government jobs (not enacting the tax might result in cutting govt jobs or even private sector jobs that result from state govt contracts) and I dont know of any federal matching funds program that would be impacted.

I guess it comes down to how you feel about taxes generally.

What does "tax fairness" mean to you? Does it mean all taxpayers should pay the same rate or is it fair for higher income earners to pay a higher percentage.

And, is a $150 corporate income tax that much more burdensome than $10.

Or if it is not Oregon....never mind.

added:

My advice also...consider the source of the information being circulated. That might explain the arguments for or against.

Last edited by Redux; 01-22-2010 at 03:38 PM.
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