$10 is not enough. Oregon, Vote YES on 66 and 67

[swag]

Run time: 00:31 https://www.youtube.com/watch?v=ug048caud1w   Posted on YouTube: January 05, 2010 By YouTube Member: Views on YouTube: 0   Posted on DU: January 06, 2010 By DU Member: swag Views on DU: 1206

 
I am thoroughly impressed by Yes for Oregon's jujitsu use of teabagger populism. Liberals everywhere, take note!

[LiberalFighter]

1. I bet on top of that local and state govt provide tax abatements in Oregon too.

[OregonBlue]

3. Yes and we don't have a sales tax, only income tax and now that people are out of work, the State of

Oregon is badly in debt. Many of these corporations promised increased jobs and revenues but of course the state cut them such huge hogs that they end up paying little or nothing.

[dhpgetsit]

2. K&R

[V_Byl]

4. 2/3's pay $10!?!

Wow... I'm curious if there will be a strong conservative rebuttal to those proposals citing the need to lower the corporate tax rate.

[kelly1mm]

6. Not a rebuttal per se but I believe the $10 is a minimum yearly

fee (kind of like a filing fee but included in their tax) and there is 0 remaining corporate tax as the corporation, on paper, did not have a profit and/or qualified for tax credits for some action that the state of Oregon decided it wanted to encourage. Generally, you only pay taxes on net profit, not gross income. So, if 2/3 of OR corps. had no paper profits then 2/3 would owe only the $10 filing fee

[V_Byl]

10. Sounds right.

So I wonder what the proposals do, close loop-holes that make profitable corps appear not profitable on paper, or just add to the minimum fee?

[WheelWalker]

5. K&R !

:dem: :kick:

[Plucketeer]

7. Trickle-up Dunce-onomics

"Don't worry Mr. Biznessman! We's here to help you screw us!" :crazy:

[merkins]

8. K&R !

I hope this spreads like a prairie grass-fire across the whole country.

[davidpdx]

9. K&R

Sent in my ballot from overseas already voting yes on both.