This tax is retro active back to January 2009. No one has had these taxes with held from their pay check. So if this passes then just about everyone will owe back taxes.
The state of Oregon forecasts future tax revenue and if they don't get their forcast right, and get less than expected then they call it a tax cut. Say they expected a 10% increase and only get a 6% increase. They then go on the media and say they got a 4% tax cut. When in reality they got a 6% increase in taxes.
This tax is retro active back to January 2009. No one has had these taxes with held from their pay check. So if this passes then just about everyone will owe back taxes.
The state of Oregon forecasts future tax revenue and if they don't get their forcast right, and get less than expected then they call it a tax cut. Say they expected a 10% increase and only get a 6% increase. They then go on the media and say they got a 4% tax cut. When in reality they got a 6% increase in taxes.
MrBelieveit 2 years ago