Coming from the east coast, does anyone have a comparison of how much a difference the income tax has on an individual? i know there is no sales tax, but up to 12% of you income has got to hurt!
2007-01-18 09:49:32 · 7 answers · asked by Mike K 1 in Business & Finance ➔ Taxes ➔ United States
what is the trade off of having such high taxes? what benefits come from it? seems like a lot to take from your income and property taxes and want to understans the cost/benefit of the taxes and where the money goes?
2007-01-19 09:05:43 · update #1
I just sold a second home in the Bend, OR area. I am legally a Washington resident. A motivating factor was that I decided that Oregon income taxes were onerous and I did not want to retire there because of this. Income taxes, coupled with high property taxes, make Oregon taxes quite high. Washington has a steep sales tax but no income taxes and property taxes are less than Oregon in most jurisdictions. Oregon is a beautiful state and considerable larger than Washington (9th versus 19th in size in the US).
2007-01-19 08:55:26 · answer #1 · answered by Flyboy 6 · 0⤊ 0⤋
You are right, there is no sales tax in Oregon but the property taxes are high. The state has to get the money somewhere and since no sales tax then property owners make up the difference. It also depends on the structure you put on your land.... That is why you see a lot of Mobilehomes on land in Oregon.
2007-01-18 09:59:50 · answer #2 · answered by Handsome's Wife 4 · 0⤊ 0⤋
This may not sit well with O natives..but the trade off, no sales tax VS high property taxes and VERY high income tax does NOT make Oregon the oasis of cheap, sane living that it is marketed to be. The current tax structure caters to the average consumer... an idiot, spending every single paycheck on junk..which is great for businesses but terrible for the ecosystem, billions of junk items destined for land fill..how green is that?
Why would anyone think that no sales tax encourages above average living standards? it seems to generate the opposite scenario.A more intelligent population would encourage a move away from this type of system.
Due to the recent (2014-15) MASSIVE building boom/old neighborhood overhauling of the Portland area in the last 20 months, the tax rate/home price is sure to skyrocket out of reach for the average blue collar worker. But who gives a rats *** about blue collar workers? Not the Phd from ----living down the block thats for sure..."Oh god keep those plebeians out of MY neighborhood, I just moved here from ----- and I wont tolerate their kind here!"
So much for a Dream City, 2-5 yrs from now the traffic, crowds and prices will rival Seattle, SF or LA and a once great "Large Neighborhood" will be but a distant memory. Im not loving this, I hate to see a mild mannered, easy going and art/fun loving city be transformed into a haven for uppity new comers wanting to change its character..IE: increase their property values! As a non native...(cue the locals screaming.."lynch him!"..Oregonians HATE outsiders) I must insist you O natives brought this influx on yourselves.
Well my O native friends, your lifelong nightmare is now unfolding, the rest of the nation has heard over and over and over and over your proud pronouncements of O superiority and they are ALL headed here to buy up all of the land, houses and lots and remake them anew. You have nobody to blame but yourselves as the new tax rate hell is imposed upon you, decades of blither, blather about Oregons' superior living standard has attracted the very people who will remake or destroy it depending on your point of view.
PS: next go round, dont honk your horns so loudly about the slice of heaven you have found.
2015-03-18 23:23:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
In Oregon, 9% state tax is levied on earners of $8,400 per year filing singly. It goes to 9.9% once you hit $125,000. It is hard on low and middle income earners. (Even those earning $3,350 are taxed at %7.0.) Using my yearly earnings as a retiree, I would save more than $1,000 per year in state taxes by retiring in California. Not paying sales tax cannot make up for that. I would have to buy more than $10,000 per year in taxable items.
2015-11-15 06:32:43 · answer #4 · answered by ? 1 · 0⤊ 0⤋
no sales tax is huge!!! Remember too that you get to deduct that tax that you pay if you itemize. So pay it to Oregon state or pay it to uncle sam.
Why move to Oregon. I think mostly because you won't have to get out of car to pump your own gas. Everything else pales into comparison to Washington.
2007-01-18 10:01:17 · answer #5 · answered by digdowndeepnseattle 6 · 1⤊ 1⤋
Oregon tax rate is based on tourists paying all of the taxes.
Oregon residents don't pay retail sales tax.
2007-01-18 09:54:06 · answer #6 · answered by MЯ BAIT™ 6 · 1⤊ 0⤋
http://siennabuilding.com/project-gallery/
2015-10-06 03:29:31 · answer #7 · answered by ? 2 · 0⤊ 0⤋