At nearly every turn, Oregon’s tax policies widen inequality; as a result, the top 1 percent pay less state and local taxes as a share of income than the poorest residents. Taxing capital gains at the local level is an important and exciting move in the other direction – to tax income from wealth and use it to address crucial needs.
Local Income Taxes
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blog May 10, 2023 Voters Could Approve Local Capital Gains Tax in Oregon
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blog August 10, 2017 The Many Reasons for the Seattle Income Tax
A month ago, the Seattle City Council passed an income tax measure, which has garnered a lot of attention as well as volumes of supportive and opposition commentary. Haven’t had…