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|Archives - November 2009|
|Wednesday, October 21, 2009|
Oregonians will vote in January on two measures already passed by the Legislature that would increase taxes and raise $733 million over two years. A survey of other states’ taxes shows that while Oregon’s corporate income tax hike is far from radical, other changes make Oregon’s taxes look more extreme.
Corporate income tax: The measures keep the current rate — 6.6% of net income — for the first $250,000, but income over $250,000 will be taxed at 7.9% for the 2009 and 2010 tax years. That marginal rate drops to 7.6% for 2011 and 2012. Starting in 2013, income under $10 million will be taxed at 6.6% and income over $10 million will be taxed at 7.6%.
How’s it stack up? Oregon’s new tax rate is the 20th worst in the nation, according to the Tax Foundation, a nonpartisan nonprofit that collects data on tax policy. New Hampshire has the highest corporate income tax, at 8.5% on sales over $50,000. Fives states including Washington have no “corporate income tax,” but Washington has a tax on gross receipts called the “business and occupation tax” that ranges from .003% to .033%.
Individual income tax: One of the measures added a new bracket for income over $125,000 for individuals and $250,000 for households, to be taxed at 10.8%. Individual income over $250,000 and household income over $500,000 will be taxed at 11%. The 10.8% rate will drop to 9.9% in 2012.
How’s it stack up? The Tax Foundation ranked Oregon’s new personal income tax sixth worst in the nation. New York was worst with seven brackets maxing out at 8.97% on all income over $500,000. Alaska and Washington are two of the seven states with no personal income tax.
Corporate minimum tax: All businesses in Oregon were required to pay the state $10 in years when taxable income was zero or offset by tax credits. If the legislation survives, Oregon will go to a graduated minimum tax for C-corporations with 12 different rates, starting with $150 a year for companies with sales of less than $500,000 and maxing out at $100,000 a year for companies with sales of $100 million or more. The minimum tax for S-corporations and partnerships will be $150.
How’s it stack up? Sixteen states have a flat minimum corporate tax ranging from $10 in Louisiana to $800 in California; New York has a graduated tax that maxes out at $5,000, making Oregon’s new corporate minimum tax the most severe in the nation for companies with revenue in the millions.
Federal deductibility: Oregon’s federal tax deduction is capped at $5,850 for individuals making under $125,000 and households making under $250,000. Now the deduction is capped at graduated levels for individuals in the $125,000 to $145,000 range and households in the $250,000 to $290,000 range. Individuals making $145,000 or more and households making $290,000 or more cannot deduct for federal income tax.
How’s it stack up? Oregon is one of only six states that offer any deduction for federal income tax; only four do not cap the deduction.
Thursday, February 27, 2014
Our 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.
Thursday, January 23, 2014
BY BRANDON SAWYER
In this age of jobless recovery, workers have increasingly turned to part-time work in lieu of a full-time job, often cobbling together two or more jobs in order to make ends meet.
Monday, March 03, 2014
Check out interviews with employees from some of the 100 Best Companies to Work For in Oregon winners and find out what makes their company a great place to work.
Tuesday, January 21, 2014
BY PETER BARNES
The defense market can be easy to overlook in Oregon, a place with a bigger reputation for its antiwar movements than for its military history. Yet when it comes to the U.S. defense budget, the Department of Defense did roughly $1 billion in business in Oregon that year.
Tuesday, January 21, 2014
High-density living is the mantra for many urban planners in Portland, Eugene and other Oregon cities. But readers aren’t so keen on policies encouraging construction of apartments and condominiums.
Thursday, January 16, 2014
BY JOE ROJAS-BURKE | OB BLOGGER
An economic study of emergency room utilization in Oregon set off a thundering media stampede earlier this month. I was struck by the cut-and-paste sameness of much of the reporting and how awfully little it had to say about the untreated wound that is causing all the pain: the hole in our healthcare system where a robust primary care infrastructure should be.
Thursday, February 20, 2014
BY VIVIAN MCINERNY | OB BLOGGER
As retailers consolidate and newspapers fold, the business of modeling shifts to ad agencies, apparel companies and new media.
|The more they change, the more they stay the same|
|The 2014 List: The Top 33 Large Companies to Work, For in Oregon|
|The 2014 List: The Top 34 Medium Companies to Work, For in Oregon|
|The 2014 List: The Top 33 Small Companies to Work, For in Oregon|
|The future of money|
|Cancer to become No. 1 killer in U.S.|
|Bitcoin firm wins brief U.S. bankruptcy protection|
|Rival banana firms to merge|
|Blood test predicts Alzheimer's disease|
|Cerberus Capital to buy Safeway|
|U.S. adds 175,000 jobs|
|Bitcoin creator revealed|
Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
Allowing individuals to access their own healthcare options has created more difficulty instead of making things easier. There are so many examples that illustrate why agents are more important than ever in helping businesses and individuals determine the healthcare coverage that best fits their need.
Barran Liebman is pleased to welcome Tyler Volm and Damien Munsinger as Associate Attorneys. Both Tyler and Damien represent employers and management in employment law litigation, and provide advice on a full range of employment law matters.
The 2014 World Trademark Review 1000 (“WTR”) recently named Lane Powell as one of the top trademark law firms in Oregon and Washington, and Lane Powell attorneys Kenneth R. Davis II, Parna A. Mehrbani, Frances M. Jagla and Paul D. Swanson as top individuals in the practice.
Capital Pacific Bank, a Portland-based community bank serving businesses, professionals and nonprofit organizations, today announced that it has earned recognition as a Certified B Corporation by B Lab, a nonprofit organization dedicated to building a community of socially responsible businesses. The bank is one of six financial institutions across the country to achieve B Corp status.