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

Eking out a living

News
Tuesday, April 08, 2014
04.08.14 thumb ourtable-coopfarmsBY HANNAH WALLACE | OB BLOGGER

It may be obvious, but most farmers don’t make a lot of money. According to preliminary data from the 2012 Agriculture Census, 52% of America’s 2.1 million principal farm-operators don’t call farming their primary occupation. Farm cooperatives may offer a solution.


Read more...

Barrister bands

March 2014
Tuesday, February 25, 2014
IMG 4691BY LINDA BAKER

An intellectual property attorney by day, 48-year-old Stoll Berne attorney Tim DeJong is a singer and guitarist by night.


Read more...

The solution to youth unemployment

News
Thursday, February 27, 2014
02.27.14 Thumbnail TeenworkBY ERIC FRUITS

Because they have little chance of working for someone else, today’s teens need to be entrepreneurs. But, first, we must teach our teens that entrepreneurship starts small.


Read more...

Powerlist: Meeting perspectives

March 2014
Tuesday, February 25, 2014

BY BRANDON SAWYER

A conversation about the event-planning industry with sales directors from McMenamins and the Portland Art Museum. 


Read more...

Revolution in print, pixels and passion

News
Tuesday, March 11, 2014
RyanFrankNewsBY MARK BLAINE | OB BLOGGER

The publisher of the Emerald Media Group moves on, leaving a cutting edge media group that depends on business acumen for its survival.


Read more...

Buy the book

News
Tuesday, March 25, 2014
2 03.25.14 thumb bookshopBY VIVIAN MCINERNY | OB BLOGGER

Oregon is home not only to many fine writers but also several accomplished small publishers.


Read more...

Small business sales go big

March 2014
Tuesday, February 25, 2014

BY BRANDON SAWYER

Sales of small businesses surged in 2013 according to the biggest Internet marketplace of such transactions, BizBuySell, increasing to 7,056 reported sales, a 24% increase over 2012, when they dropped 7%. Portland Metro sales tracked by the site grew 9% to 73, capping three years of solid growth. On top of that, Portland’s median sale price jumped 67% to $250K, versus just 13% to $180K nationally. Portland was one of just six metros tracked where the median sale price matched the median asking price, with sellers getting, on average, 92% of what they asked.

BTNMarch14 tableBTNMarch14 line


BTNMarch14 piePDXBTNMarch14 pieUSA


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