Politics It's the economy, stupid! Gas, healthcare, & chickens! (2 Viewers)

[SharpesTriumph]

Of course wealthy people don't mind sales tax! It's nothing to them.
And it allows them to pay a smaller share of the overall tax revenue than other forms of tax would.

"a bunch of poor people spend money on ipones, TVs, streaming, cars"
now where have I heard that before? Oh yeah,
"your daughter doesn't need 37 dolls, 3 will do"

barfo

Wealthy people buy expensive cars and boats, clothes, luxury items, restaurants, etc. It adds up a lot. Also business pay a lot of sales tax as well.

While income taxes seem more progressive one big problem in Oregon is it doesn't give any of the large personal standard deductions or exemptions like federal taxes do. So poor people effectively pay a lot more. Also the wealthy have plenty of ways to delay or eliminate income tax. IMO Oregon should just have Oregon taxable income be the same as federal taxable income. Would be much simpler too. Sales tax doesn't have ways to get out of it or deductions like income taxes do.

The states without income tax like Washington, Texas, Florida, Nevada, etc greatly incentivize high earning people and high earning business to locate there, and they get a ton of sales tax revenue from those individuals.

Personally I don't know that I would ever move back to Oregon full time as just the income tax hit alone makes it so much more affordable to have my primary home in a different state or in Vancouver. Most my work is remote. I bet there are a lot of others who think similarly - so Oregon has more and more average to above average earners leaving the state and taking their money with them.

 

[SlyPokerDog]