I just got pro Measure 66 and 67 in the mail today; too bad, they are choosey what facts are shown.
How about the facts proponents are living out are leaving out.
Fact:
Among its other features, Measure 67 will increase the fee to incorporate most businesses from $50 to $100. But there is an exception. If the business is already incorporated in another state, then its owners must pay, not $100, but $275 for the privilege of transacting business in Oregon.
Fact:
In a bad economy with unemployment at 11.1%+ the legislators added $3,400,000,000.00 in new spending. Instead of just tightening their belts or leaving spending flat, they chose to raise job-killing taxes.
FACT:
Among its other features, Measure 67 will increase the fee to incorporate most businesses from $50 to $100. But there is an exception. If the business is already incorporated in another state, then its owners must pay, not $100, but $275 for the privilege of transacting business in Oregon.
FACT:
The rich can move to Washington State, no income tax equals no tax money to pay for 3.4 billion in new spending.
LIE:
For C corporations, the corporate minimum income tax will be about one-tenth of one percent of total sales inside Oregon. Small businesses with sales less than $500,000 will also pay just $150. It is important to note that C corporations will pay either the new minimum or the profits tax, never both.
For C corporations, the 1.3% increase in the profits tax applies only to profits above $250,000. In 2013 the tax decreases; only a 1% increase will remain, and will only be applied to profits above $10 million.
http://defendoregon.typepad.com/files/faq-vote-yes.pdf
Fact:
Measure 67 is a tax on gross receipts (income before expenses and cost of sales) not a tax on profit (after expenses are deducted).
It replaces the current $10 corporate minimum tax for C-corporations with a permanent new tax on a company’s Oregon sales, as follows:
Fact The ultimate insult on the middle class:
Middle class laid off workers will not pay tax on the fist $2400 of unemployment compensation. Gee that swell Salem, give us a tax break on unemployment after your tax hike kills jobs.
