A service of the Taxpayer Association of Oregon Foundation.
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…
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…
By Oregon Tax News, This week Canon Beach City Hall will be voting on a 1% lodging tax. This tax hike on tourists is designed to attract new tourists. The logic behind raising taxes on people as a way to attract them seems contradictory. Here is an important question to ask. Why is there a…
FCC Proposes Internet Tax By Oregon Tax News, On tax day before the Senate Commerce Committee, the Federal Communications Commission (FCC) proposed the National Broadband Plan that would expand the Universal Service Fund (USF) tax on landline and cell phones to include broadband internet. The FCC estimates the National Broadband Plan will cost $350 billion…
Several reports show continual problems with Oregon and Federal stimulus spending By Oregon Tax News, Oregon State officials boast more that the 2009 Legislature’s trumpeted economic stimulus package created or retained 7,500, a feat just shy of the 8,000-plus jobs reported for Oregon under the far bigger federal stimulus program. Yet, Oregon reports spending about…
Oregon #9 in Foreclosures but #37 in Home Insurance Costs By Oregon Tax News, Oregon ranked as one of the top 10 states with the highest foreclosure rate in the nation according to a recent survey. Earlier this year, RealtyTrac, the leading online marketplace for foreclosure properties, released its January 2010 U.S. Foreclosure Market Report…
States Consider Holding Tax Returns to Save Money By Oregon Tax News USA Today reported that California, Hawaii, Alabama, North Carolina, Kansas, Idaho and New York are considering delaying issuing refunds because the states did not have the cash on hand to cover the costs. The delays come as states continue to face deep budget…
By Oregon Tax News, This month President Obama released a budget plan that emphasizes new spending freezes and fiscal accountability but comes with an extraordinary price tag. Overall, the budget reveals federal spending will grow to $3.72 trillion dollars in the 2010 fiscal year and will increase to $3.83 trillion in 2011. The Obama Administration…
Tax News: Tax Preparers, Tanning Beds, Pets January 15, 2010 By Oregon Tax News, New regulations, taxes, and fees and even some interesting new tax credits may be in store for this year. Federal agencies and Congress will consider numerous policy proposals that will increase regulatory action, increase taxation, and even provide a tax breaks. …
By Oregon Tax News, Due to the ongoing economic crisis, Oregon’s Indian gaming industry suffered a 1.2 percent decline in revenue last year, placing the state No. 24 among the 31 Indian gaming states. According to economist Alan Meister and his recently released annual Indian Gaming Industry Report, no new tribes entered the gaming business…