Oregon’s tax man cometh for your personal dividends!!

I think Oregon should do more to ATTRACT private investment, not REPELLING it!
Here’s something to chew on as tax day looms about a month away: Oregon residents face the fourth highest tax rate in the country on their personal dividends, according to the Tax Foundation, a tax policy research outfit in Washington D.C. California came in with the highest combined state and federal marginal tax rate on personal dividends at 33 percent. Oregon was fourth at 31 percent. Taxpayers in states with no personal income tax (including Washington) face a top marginal tax rate on personal dividend income of 25 percent, the organization said. Those supporting tax reform in Oregon often cite the state’s high capital gains and income tax rates, saying it promotes a brain and wealth drain, as tax refugees flee to more attractive spots – like just over the Columbia River in Vancouver.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s