For C corporations, the corporate minimum income tax will be about one-tenth of one percent of total sales inside Oregon. Small businesses with sales less than $500,000 will also pay just $150. It is important to note that C corporations will pay either the new minimum or the profits tax, never both.<\/p>\n
For C corporations, the 1.3% increase in the profits tax applies only to profits above $250,000. In 2013 the tax decreases; only a 1% increase will remain, and will only be applied to profits above $10 million.<\/p>\n
http:\/\/defendoregon.typepad.com\/files\/faq-vote-yes.pdf<\/a>\u00a0<\/p>\n Measure 67 is a tax on gross receipts (income before expenses and cost of sales) not a tax on profit (after expenses are deducted).<\/p>\n It replaces the current $10 corporate minimum tax for C-corporations with a permanent new tax on a company\u2019s Oregon sales, as follows:<\/p>\n Fact The ultimate insult on the middle class<\/span><\/strong>:<\/p>\n Middle class laid off workers will not pay tax on the fist $2400 of unemployment compensation. Gee that swell Salem, give us a tax break on unemployment after your tax hike kills jobs.<\/p>\n \u00a0<\/a><\/p>\n I just got pro Measure 66 and 67 in the mail today; too bad, they are choosey what facts are shown. How about the facts proponents are living out are leaving out.\u00a0 Fact: Among its other features, Measure 67 will … Continue reading Fact:<\/h2>\n
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<\/a><\/p>\nVote No ON 66 and 67<\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"