Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep.” This is the phenomenon by which people are pushed into higher income tax brackets or have...
- Portland Business Journal Cites Tax Foundation Fiscal Fac...
Portland Business Journal Cites Tax Foundation Fiscal Fact Criticizing Oregon's Recent Slew of Tax Hikes
"Tax Foundation criticizes state tax hikes"
By Portland Business Journal Staff
The Tax Foundation has called Oregon's new tax laws "short-sighted political patchwork" in a study released Thursday. The foundation, a Washington, D.C.-based nonprofit organization that monitors tax policy, said both personal and corporate income tax hikes make the state's tax revenue "more volatile and predictable.
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