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Originally Posted by Excaliber
I haven't been following this thing to closely but I keep hearing that corporations here in Oregon pay just $10 a year in taxes. No worries California is going to follow Oregon's lead.  |
Yep that's the teachers/public employee unions lie....
We pay a $10 minimum to file the forms and then pay taxes on all profits a 9%. I own a Sub-S here I have never paid just the $10 fee all of the income is reported on a K-1 and I pay the extra taxes from there.
Think of it this way if Oregon had 1 million corporations(3.5 residents per corp) at the $10 fee they say we only pay how did Oregon receive $2.4 billion in tax receipts from Corporations in 2007? Where did the extra $2.39 billion come from?
You just paid the new licensing rates for vehicles, up until last year those rates would have been $30 for four years. The Democrats took over the House and the rates went up, go figure.
Scott S