Thursday, January 28, 2010

Lots of people will find jobs in the ‘moving’ industry as companies and people flee the state.

The new Socialist inspired taxes on businesses and individuals passed by the illiterate voters will drive companies, jobs and people to new locations.

The Peoples Republik Of Washington is considering such a scheme so it will not see much immigration from Oregone.

“the new 11 percent state income tax rate will combine with local income taxes to give high-income Oregonians the highest state tax bill in the nation.“(1)

The average person outside of the Socialist infested greater Portland area will suffer the most because of the already low wages.

Starting will small business and moving up the ladder the new tax on “gross” sales(1) will cause a lot of businesses to move, shrink or shut down.  State tax revenues will shrink as the tax base is decimated.  Welfare costs will escalate driving the government further into the red.“The minimum corporate income tax also rose from a nominal $10… to a max $100,000 minimum tax bill” (Due even if the business has no profit!)

The Peoples Republik Of Oregone will eventually come to a halt having been taxed into “Banana Republic” status.

Malcolm T. Hedges

1) http://www.taxfoundation.org/publications/show/25680.html