The Oregon Biz Report - Business News from Oregon

Read about accutane journal moderate acne here

Restoring the tax balance between small and large business

April 13, 2011

Small businesses pay up to 40% higher tax rate than big corporations in Oregon
By Senate Republican Office Press Release,

Salem, OR – Senate Republicans want to put Oregon small businesses on the same footing as big corporate firms that currently hold up to a 40% tax advantage over Oregon entrepreneurs and family businesses.

Senate Bill 472 would lower the tax rates applied to small business like sole proprietorships, partnerships, and family-owned S-corporations to a rate equal with big business.

“Oregon tax policy empowers mega corporations in capital accumulation while leaving small businesses to fend for themselves,” said Senator Larry George (R-Sherwood). “Senate Republicans want to champion the cause of small businesses in the legislature and give them a fighting chance against corporate America. That starts with leveling the playing field and restoring some tax fairness.”

Last session the tax increases in Measure 66 increased the disparity between small business and corporate tax rates. Profits realized by a small business owner whose business is organized as a sole proprietorship, partnership or family-owned S-corporation are taxed as regular income, which includes Oregon’s highest-in-the-nation rate of 9% to 11% for certain filers. Big corporations are taxed at a rate of 6.6% for profits less than $250,000 and 7.9% for profits over $250,000.

“Successful small businesses mean successful Oregon families,” said George. “We want to see small businesses and therefore families that have the opportunity to prosper, grow and lead successful lives in Oregon. We have to start by changing the way government treats small businesses by giving them a chance to reinvest their capital into their business.”

“It is unconscionable that Oregon state government would tax a small business up to 40% more than a mega corporation from Wall Street making the exact same widget,” said George.

Oregon’s economy is in desperate need of revitalization. At last count, 750,000 Oregonians were collecting food stamps and more than 200,000 where unemployed, with thousands more underemployed. Oregon’s average income has perpetually lagged behind the national average.

Print This Post Print This Post    Email This Post Email This Post

Discuss this article

admin April 13, 2011

There they go.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please answer the following question to confirm that you are a real person: *

Top Business News


Top Natural Resource News


Top Faith News


Copyright © 2018, OregonReport. All Rights Reserved. | Terms of Use - Copyright - Legal Policy | Contact Oregon Report

Stay Tuned...

Stay up to date with the latest political news and commentary from Oregon Business Report through daily email updates:

Delivered by FeedBurner

Prefer another subscription option? Subscribe to our RSS Feed, become a fan on Facebook, or follow us on Twitter.

RSS Twitter Facebook

No Thanks (close this box)