Oregon Tax News

Use The Health Care You Need, We Can Make More
John in Oregon

When we have a limited budget for medical care, who gets that care? For Statists only so much medical care exists in the world. Your gain is my loss.  Older people spend a lot more on doctors than younger people. Should the elderly be prevented from spending their money on staying healthy?

If you spend your money on health care, does that subtract from the medical care of a younger person?  President Obama’s statements and the Democrat health care plan are based on the belief that it does. Read more…

Oregon businesses that do not provide health insurance for its workers might face up to a 10-percent payroll tax increase.  Speaker Nancy Pelosi (D-CA) is working on a bill to finance ObamaCare.  Under Speaker Pelosi’s plan, America’s Affordable Health Choices Act, firms with employee payrolls above $250,000, and without a company health plan, would pay a tax starting at 2% of wages per employee. That rate would quickly rise to 8% on firms with a total payroll of $400,000 or more.  The House bill will require firms to pay at least 72.5% of health-insurance premiums for individual workers and 65% for families in order to avoid the tax.

So how would this affect your business? According to a 2008 Kaiser Family Foundation survey, three in five small businesses fail to meet the “Pelosi test” and would be required to pay the tax. Sageworks, Inc., a financial consulting firm, calculated that companies with a total payroll between $750,000 and $1 million a year would on average lose one-third of their net profits. Read more…