Crazy Oregon Very Slightly Taxes Wealthy Citizens and Corporations to Fund Schools and Public Services
In light of Barack Obama's pretty bullshit spending freeze scheme-you know, the one that affects programs like "air traffic control, farm subsidies, education, nutrition and national parks"-the success of two ballot initiatives in Oregon yesterday are fascinating! The state will raise, by nearly two whopping percentage points, taxes on households that earn more than $250,000 a year (which, in Oregon, is basically the equivalent of three miiilllllion New York City dollars) and will also raise the state's minimum corporate income tax. How radical! No wait, let's take a closer look at that one. Since 1931, all businesses in Oregon have been required to pay a [...]
