Home Archives May 2006 Taxes: a lighter burden than most states

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

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Podcast: Interview with Steve Balzac

Contributed Blogs
Tuesday, August 19, 2014

082014BalzacBY TOM COX | OB BLOGGER

Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."


Read more...

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


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