4 ms·
> What’s the alternative? 100% of corporate revenue goes to the state and federal government. 0% to cities, and cities generate revenue to fund their budgets b
by Tiktaalik 4y ago
> What’s the alternative?
100% of corporate revenue goes to the state and federal government. 0% to cities, and cities generate revenue to fund their budgets by levying property taxes on land owners.
- no_wizard 4y agoUnless you live in Oregon, in multnomah county (Portland), in which case the city and county will tax your income too.
- rootusrootus 4y ago2.5% on taxable income above $125K (individual; $200K joint). Even software engineers, on average, will barely notice that.
- no_wizard 4y agoThis is on top of Oregon's already large income tax. Just hop over 30 minutes to Vancouver and its all gone though, if you're lucky enough to WFH or can otherwise situate yourself there. Then you can double dip your tax savings by avoiding sales tax by crossing over the bridge to shop :) It's alot of tax. It was a shock to me when I moved here, though overall I don't regret.
- rootusrootus 4y agoI've thought about it. Though you have to pay use tax, technically. I know many people just don't.
- no_wizard 4y agoI have discussed it at length as well. I haven't visited Vancouver proper yet though, and now that I guess I'm used to being taxed like this i've adjusted myself accordingly. I'm honestly more worried about Oregon (and the Portland area specifically) becoming even more regressive with taxation. I think I'm kinda at my acceptable limit before I just move to Vancouver out of sheer protest. The amount of money we pay to the state is mind boggling, and yet you see lack of investment everywhere you turn around. I was hoping, perhaps naively, that Portland would be like a better kept San Fransisco, but I was very wrong.
- rootusrootus 4y agoYeah Portland's government, especially in the relatively recent past, is far from inspiring. I'm at the outskirts of the metro area, so I don't have to live with their policy choices or pay their extra taxes, and I'm glad for it. I don't drive into downtown anymore now that we permanently closed the office there, and when I do drive down for some reason I'm shocked by how rough it has gotten in many places. Washington isn't out of the question, but I'll probably end up going farther. Like Colorado, perhaps. Staying in this area until my mom passes (sadly that will be within the next year or so), and then we're bailing. Since you mention regressive taxation -- I remember that a few years ago, I recall that Oregon was the least regressive state while Washington was the most (all states being regressive overall). I think the ranking changes a bit year-by-year so that may no longer be true. For a software developer, it's better to be in Washington. I'm pretty sure it was Tax Foundation that had that info. Right now they put the overall rate almost identical between Oregon and Washington, though that doesn't account for how it changes based on income.
- seanmcdirmid 4y agoTechnically you are supposed to report your purchases to Washington state and pay tax on them for things you buy in Oregon. Also, you are living in Vancouver, which isn't as cool as Portland.
- buzzert 4y agoThe obscene homelessness situation in Portland is even more maddening knowing the tax situation now. Especially since it seems like a non-existent problem across the river in Vancouver.
- prepend 4y agoI always think it’s funny what people think other people will notice. Two professional software engineers, married and making $300k and raising 3 kids are extremely likely to notice an extra $2.5k in taxes. I remember making $25k and talking with my coworker making $60k saying how all their financial needs must be met because they make so much money. Perspectives vary, but beware thinking that no one cares about money.
- no_wizard 4y agoTax is a funny thing. I think I'd feel better if my taxes were actually visibly useful for the every day persons life. Like for Health care, for instance, or fixing the unhoused problems in the state, or maintaining the roads and sidewalks that seemingly always have potholes in them, etc. I'd pay 10% more if the quality of life perception was there, but it feels like all that goes to nothing
- Tiktaalik 4y agoyeah this is extremely light taxation lol are people seriously complaining about this? Good grief. (it is 14.7% over 127k in nearby BC)