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- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
Capital gains taxes are mostly paid by individuals, most of the companies in OR are not C corporations, so company capital gains flow through to the individuals.
As an owner of stock options and someone who actually understands how they work, I have no problem paying captial gains in Oregon. Most of the people who are paying tax on options are paying tax on options for large companies that are getting tax breaks from the state. Our schools and public services have to be funded somehow. If the company I or my spouse works for chooses not to pay their fair share in tax they are choosing to shift it to their employees.
Those that move out of the state are exacerbating the problem. Giving tax breaks to large companies is beginning of a downward spiral. Retirees moving out is the end of the spiral. What they don't understand is that the other states all have other ways of collecting funds. I love me State and can't ethically "take my money and run"
Thinking that lowering capital gains rates it going to change much is short term thinking.
posted 2 years, 1 month ago
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