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So why would someone like me support a tax like this? Because it's fair. Most companies in Oregon depend on our public schools and higher-ed institutions to produce the kind of smart, high-functioning employees we want to hire. The future of our state's economy depends on critical investments in our K-12 schools, community colleges and universities today. And I know that bringing millions of dollars into our state's economy will keep local businesses thriving.
The teachers in Oregon have been taking the full brunt of this collasal down turn in the economy. More specifically the real victims are the students that must endure larger class sizes and I assume a demotivated teacher who has seen these cuts many times before.
In 2007, the most recent year for which statistics are available for both individuals and corporations, total corporate income tax liability was $413.2 million and total individual income tax liability was $5.6 billion. The huge disparity between individual and corporate taxes results from the different ways in which the two groups are taxed.
Corporations are only taxed on their profits and us individuals are taxed on everything we earn.
For those who do not know.
Measure 66 is a tax on individuals making alot of money.
Measure 67 is a tax on coorporations
