Four taxes that failed in June

 Tax increases on oil companies, soda pop, income and parcels  failedin June. Oil tax loses in Congress At the federal level, Senator Bernie Sanders, an Independent Senator from Vermont, led the unsuccessful Congressional effort to pass legislation to repeal oil tax breaks.  Senator Sanders argued that big oil companies make billions in profits and do…

READ MORE

Oregon Provides Compensation for Lost Wages

Oregon Provides Compensation for Lost Wages By Oregon tax News, Oregon is one of a few states that dedicates funds, paid by Oregon employers, to cover unpaid wages when a company fails and does not have money for payroll. Last year, the average payout was about $1,048 per worker. The fund pays amounts equal to…

READ MORE

The IRS Takes the Thrill Out of Gambling

The IRS Takes the Thrill Out of Gambling By Oregon Tax News, Thanks to the IRS, successful gamblers may become losers. Those gamblers who win $600 from racetracks and state lotteries, $1,200 or more from slots or bingo, $1,500 from keno, or $5,000 from poker will receive a Form W-2G from the IRS to report…

READ MORE

Gun Industry Faces Decreased Growth

Gun Industry Faces Decreased Growth By Oregon Tax News As industry revenue levels recede this year, potential for modest growth in gun and ammunition sales through 2015 may still exist. The National Rifle Association (NRA) held its annual meeting in May in Charlotte, North Carolina.  The general theme outlined the decline in gun sales despite…

READ MORE