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According to the Tax Foundation, the income tax rates will be 10.8% above $125K and 11.0% above $250K if the referendum passes.

The general public voting on whether taxes should be increased on only 3% of the population is effectively the "taxation without representation" that was redressed by the American Revolution.

1 posted on 01/23/2010 3:36:35 PM PST by reaganaut1
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To: reaganaut1

Exactly. They’ll have to institute border controls between states to keep businesses and producers from leaving.


2 posted on 01/23/2010 3:41:08 PM PST by 1010RD (First Do No Harm)
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To: reaganaut1

So are they voting to make a sales tax necessary? They are going to drive the wealthy out of their state, or drive them to hide their wealth.


3 posted on 01/23/2010 3:42:22 PM PST by RobbyS (Pray with the suffering souls.)
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To: reaganaut1

Why I left when I graduated college (became blue devil in grad school). Endless spending, nasty and smarmy liberals, and the herd of “independent thought,” which worships radicals like Che. The characters dream of themselves as revolutionaries, but their “rebellion” is simply becoming serfs to mommy government. Good riddance. Oh, and it rains 9 months out of the year (I lived there 22 years, please do not try and tell me it is different).


4 posted on 01/23/2010 3:44:02 PM PST by Blue Devil Reaganite (A Professor is someone educated far beyond his or her own intelligence)
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To: reaganaut1

The dim controlled legislature was beyond sneaky on this...they cut education funding and gave it to public employees so the election now turns on the slogan “It’s for the children”. Two recent polls are telling us both measures will probably pass(one poll by Tim Hibbits, the other for some freebie Portland newspaper).


5 posted on 01/23/2010 3:44:54 PM PST by crazyhorse691 (Now that the libs are in power dissent is not only unpatriotic, but, it is also racist.)
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To: reaganaut1

Force the “rich” to pay even more taxes. They shut down their businesses, leave the state and head to N. Carolina or some other low-tax state, and put more people in Oregon on the unemployment rolls. Oh yeah, that’s the NYT, MSNBC solution for “fixing” the economy.


6 posted on 01/23/2010 3:48:40 PM PST by Signalman
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To: reaganaut1
Job killer, but go ahead and wreck your GDP Oregon, other states need the revenues the filthy rich can provide given the proper environment, given our politicians can wise up too...
http://www.heritage.org/research/taxes/bg2001.cfm
Fact: Tax revenues correlate with economic growth, not tax rates.

Many of those who desire additional tax revenues regularly call on Congress to raise tax rates, but tax revenues are a function of two variables: tax rates and the tax base.

Regardless of the tax rate, tax revenues have almost always come in at approximately 18 percent of GDP.

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Tax Rates do Correlate with the GDP


7 posted on 01/23/2010 3:49:45 PM PST by Son House (The Learning Curve for Democrats on Macroeconomics is getting Exponential)
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To: reaganaut1

Of course they will not raise as much as they think, as the “rich” do business elsewhere.


8 posted on 01/23/2010 3:57:15 PM PST by GeronL (http://tyrannysentinel.blogspot.com)
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To: reaganaut1

This state is so full of idiots,we aren’t even allowed to pump our own gas!!And we built a special muti million dollar building, to focus group ideas to attract new business.Cut taxes!


12 posted on 01/23/2010 6:31:23 PM PST by Nooseman (--mart)
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