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Posted on 02/05/2022 8:17:13 AM PST by Oldeconomybuyer
A new House Bill aimed at helping some of the state's most vulnerable will receive a public hearing next week.
HB 4079, known as the Oregon Freedom Pilot Program, would increase taxes on luxury items. The money collected would be given out to low-income pregnant women and adults who have aged out of the foster youth program. Those who qualify would receive $750 a month for up to three years, but only if they agree to the requirements of completing a financial literacy class and letting purchases made with the $750 be tracked for analytical purposes.
The $750 would come on a debit card. Witt says there are no restrictions on what that money can be spent on.
Taxes would be increased to 3% on items deemed a luxury. Examples outlined in the bill include airplanes, expensive watercrafts, high-end cars, jewelry and guns. Witt says once each item goes over a certain price, it will be taxed.
"Jewelry would be a $20,000 threshold; we have a $15,000 threshold for items like snowmobiles," said Witt. "Each item, the threshold pricing point was determined by what is the average cost of that item in the marketplace and we tried to get it at the very high end of that market to make sure it was luxury and not an everyday purchase price."
(Excerpt) Read more at katu.com ...
If you would like more information about what’s happening in Oregon, please FReepmail me. Please send me your name by FReepmail if you want to be on this list.
Not only boats. Marathon Coach builds luxury motor homes in Coburg, OR. They are definitely top end at $2.5 million and up.
Mandatory charity is communism.
Mandatory charity is communism.
Luxury taxes simply take jobs away from workers who build, sell and service luxury items as the rich folks just steer away from spending their money that way. Raising taxes disproportionately on people with money NEVER works.
it is always and forever going after the middle class....
somehow, someway, it'll always land on the middle class workers....
Kerry has three purple hearts too.
A tax that will certainly reduce the sales of that company.
They did a 10% luxury tax on the federal level as part of a debt reduction deal back in 1990 or 1991, and the result was basically the collapse of the luxury boat building industry in the USA.
Oregon government is stuck on stupid.
This kind of politician horsesh*t should be made unconstitutional. If millionaire politicians want to “help” the “po folks”, they should use their own money and not money stolen from the American families who work for a living and not sit on their asses watching crap like “Da View” all day.
Fifty thou would buy:
Airplane, a hang glider.
Boat,an inflatable dingy.
Car,a pedal car.🙄
It is “the war hero” and he keeps “his” yachts registered in RI. Fact.
“I really dodged a bullet when I couldn’t find an affordable property in 2004 there.”
If you mean Oregon I agree. I left in 1966 and never looked back. What a shit hole it has become!
These taxes eventually put the people who build these items out of work.
I distinctly remember that.
They won't be bot in your state anymore...Simple as that.
Dumb asses.
-PJ
Guns. A luxury! Kiss my backside Oregon.
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