Wednesday, December 22, 2010

Oregon raised tax rates & got less revenue

Quoting The Wall Street Journal
(via The Washington Examiner):
“In 2009 the [Oregon] state legislature raised the tax rate to 10.8% on joint-filer income of between $250,000 and $500,000, and to 11% on income above $500,000. Only New York City’s rate is higher. Oregon’s liberal voters ratified the tax increase on individuals and another on businesses in January of this year, no doubt feeling good about their ‘shared sacrifice.’

Congratulations. Instead of $180 million collected last year from the new tax, the state received $130 million.”
Click the image & read the rest:
Click the image & read the rest
Every level of government needs to lower taxes & slash spending.
But, raising tax rates during a severe recession?
What sort of idiot does that? Oregon Leftists do!

Click here for more on taxation.


RICH said...

Morons! From the leader of the same party who believes that unemployemnt checks are quickest way to stimulate the economy.

If that's the case -- Why don't we all sit back like fat cats, collect unemployment, and watch our GDP skyrocket!

We the People are becoming more and more stupid.

SBVOR said...


Throughout history and throughout the world, every nation ever seduced by entitlements has failed to muster the will to resist them until it is too late.

But, I am cautiously optimistic that this trend might not hold. Euro-Socialist nations are -- more so than us -- beginning to take a few baby steps towards adopting some of the hard austerity measures necessary to avoid a complete meltdown. We might, ironically, be the very last nation to awaken to what is really necessary to turn this around.

Time will tell. But, Oregon (home to comrade David Appell) may be the among the very last to awaken (or among the very first to completely collapse). We'll see.

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