A service of the Taxpayer Association of Oregon Foundation.
By Oregon Tax News, – Did you know that of the 50 best-performing CEOs in the world only 14 had an MBA? Josh Kaufman, a 28-year-old entrepreneur and former assistant brand manager for Procter & Gamble (P&G), thinks business school is a waste of time and money. Instead of paying $80,000 to $100,000 to attain…
The youth jobless numbers are staggering, and it is wrecking housing, consumer spending and marriage rates By Oregon Tax News, This year, the nation hit a record high unemployment rate more than 17% of 20 to 24-year-olds. The Labor Department reports that even young adults with college degrees face a 9.3% jobless rate. The figure…
By Oregon Tax News, How Would the Expiration of the Bush Tax Cuts Affect Oregonians? The Bush tax cuts, set to expire at the end of the year, have many Americans worried about how it will affect their taxes. According to the Wall Street Journal, “If returning lawmakers don’t pass legislation by December 31, the…
$107M flap caused by one state’s highest paid By Oregon Tax News, State radio network is 22% over budget Plans to build a statewide emergency radio network are running late and $107 million over budget, according to internal state audits and reports. The documents indicate that mismanagement, missed deadlines and hidden costs have pushed up…
Oregon, Washington and Virginia Eye Liquor Reform By Oregon Tax News, In November, Washington voters will have the opportunity to vote on two initiatives regarding the privatization of liquor stores and revising laws concerning regulation, taxation and government revenues from the distribution and sale of spirits. If passed, Initiatives 1100 and 1105 will close state…
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…
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…
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…