Home Back Issues May 2006 Taxes: a lighter burden than most states

Taxes: a lighter burden than most states

| Print |  Email
Archives - May 2006
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

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper journalists move into brand journalism.


Read more...

Green Endeavor cleans up

News
Wednesday, August 06, 2014
080614 ULnew greenendeavorBY LINDA BAKER | OB EDITOR

Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.


Read more...

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


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...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


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