Taxed 2 Debt!

Small Businesses Take a Hit in Oregon

New taxes were raised up in the Northwest this week:

In Oregon, unions got together, public service/education, and hit the airwaves with a message saying: let’s make Wall Street pay, CEO’s and others. But, there’s a problem with that. The new state income tax rate of 11 percent will hit more than some fictitious monsters:

“The reality is that these taxes will be absorbed by employers who sign worker paychecks—from Nike Inc. to the corner grocer. Two-thirds of those hit with the new 11% tax rate are small and medium-sized business owners. Phil Knight of Nike dubbed the tax initiatives Oregon’s “assisted suicide” for business. “

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