Taxes: a lighter burden than most states

| Print |  Email
Monday, May 01, 2006

STATEWIDE — A recent study by accounting giant Ernst & Young indicates that Oregon companies have little to complain about when it comes to their tax burden. In fact, the state ranks near the bottom when it comes to business’ overall share of state taxes.

“It should make Oregon more attractive,” poses Tom Neubig, E&Y’s national director of quantitative economics and statistics. While the study found that, nationwide, businesses paid 48% of the entire increase in state and local taxes from 2002 to 2005, the business share of tax revenue growth in Oregon was just 36%. Businesses also escape a sales tax in Oregon which often collects as much as 40% from corporate purchases.

But Neubig also points out that while Oregon lets big business off relatively easy, sole proprieters and partnerships are hit by an emphasis on individual income tax, contributing 9% to the overall business tax burden compared to an average of 4% nationwide. “Not having a sales tax means there’s more taxes paid by households,” he says, “but it also falls on the owners of businesses.”

— Christina Williams

State and local business taxes as a percentage of gross state product
TOP FIVE
Wyoming 9.6%
Alaska 9.3%
North Dakota 6.6%
West Virginia 6.6%
New Mexico 6.3%
BOTTOM FIVE
Delaware 3.7%
North Carolina 3.7%
Virginia 3.7%
Oregon 3.8%
Connecticut 3.9%
Business tax map
Have an opinion? This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 

More Articles

Playoffs pay off for the Ducks

The Latest
Friday, January 02, 2015
oregon-ducks-logo-helmet-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The University of Oregon football team looked unstoppable on the field Jan. 1 — and the university is reaping the benefits of the new postseason format.


Read more...

MBA Perspective

February 2015
Tuesday, January 27, 2015
BY KIM MOORE

Robin Anderson, dean of the Pamplin School of Business, University of Portland: "You need people who are comfortable leading in ambiguity."


Read more...

The Human Factor

February 2015
Monday, January 26, 2015
BY BRIAN LIBBY

Matt French opens up South Waterfront.


Read more...

Transportation Fairness Alliance holds demonstration in Pioneer Square

The Latest
Wednesday, January 14, 2015
IMG 3367BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Portland's cab companies urged city hall for consideration as officials weigh new rules for Uber and other ridesharing companies.


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...

Behind the curtain: What students should know about accreditation and rankings

Contributed Blogs
Thursday, December 04, 2014
120414-edurating-thumbBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?


Read more...

Political theater

News
Wednesday, January 07, 2015
0107-orbizplansum14-thumbBY LINDA BAKER | OB EDITOR

The Oregon Business Plan Leadership Summit drew more than 1,000 people to the Oregon Convention Center yesterday.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS