Tuesday, May 26, 2009

Corporate Welfare, Oregon Style...

Oregon's $10 minimum tax
has been in place since 1931
and is one of the nation's lowest.

Two-thirds of Oregon corporations
-- pay the minimum. Corporate taxes
make up about 5 percent of the state's
general fund compared with 82 percent
from personal income taxes.

Oregon Corporate Taxes The "tax burden"
for companies in Oregon and Washington,
each of which has a piece of greater Portland,
is lower than in most other states, according
to the
Tax Foundation.

Ranking states for "best business tax climate,"
the Foundation places Oregon 9th and Washington 12th.
Similarly, accounting experts at
Ernst & Young, who
calculate "total effective tax rate" by taking into account
property, receipt and sales and income taxes, cite
Oregon's as second-lowest in the U.S., at 3.8%;
Washington's is 5.8%. Delaware's total effective tax rate
is the nation's lowest, at 3.5%, and Alaska's the highest,
at 11.6%.Greater Portland companies have another tax
advantage on either side of the Columbia. Oregon has
no sales tax, which can be a boon for companies making
big equipment purchases. And Washington has no state
income tax, a selling point for prospective employees.

More tax facts:
Oregon's corporate income tax rate of 6.6% is 16th-lowest
in the nation. California's rate of 8.8% ranks it seventh-highest.

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