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May 01, 2006


You say, "a modest hike in the minimum corporate tax, which now stands at $10, the amount paid by three-quarters of Oregon's corporations last year."

Why should these thousands of corporations which have no income, pay a tax? I could understand a rewording of the tax law for multi-state or multi-national corporations. But, the majority of these corporations paying the $10 minimum tax, are local corporations with no income. Why should they pay tax on no income?

I believe that the last estimate, and it is only an estimate, since laws as written now do not require disclosure, is that Oregon businesses get about $25 billion a year in tax credits. I guess that means they have SOME income.???

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