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This issue was a common argument used by supporters of such measures as California Proposition 13 or Oregon Ballot Measure 5; some economists have even called for the abolition of property taxes altogether, to be replaced by income taxes, consumption taxes such as Europe's VAT, or a combination of both.
Considering state taxes only, paying taxes on $300,000 of taxable income (adjusted gross income) would leave a single taxpayer or married taxpayer filing separately with $275,447.15. $300,000 is ...
Many Oregon cities face budget shortfalls some blame on structural problems with property taxes created by Measures 5 and 50, passed in the 1990s.
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
Males had a median income of $36,667 versus $26,272 for females. The per capita income for the county was $19,282. About 6.30% of families and 11.50% of the population were below the poverty line , including 12.50% of those under age 18 and 5.50% of those age 65 or over.
Property taxes are the primary source of funding for Oregon cities for general services, including police, fire and parks. In Salem, property tax revenues for the fiscal year that ends June 31 ...
Rising concerns over property taxes and inflation in the 1970s urged lawmakers all over the country to draft tax cut plans; notably California's Proposition 13, [3] which inspired the Oregon legislature to draft their own bill aimed at limiting what was perceived as excessive growth. Their 1979 tax relief package aimed to stem rising property ...
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