Tweet shows the ‘bonkers’ income tax rate in Portland compared to elsewhere
This week saw a political-based tweet go viral. Unfortunately, it was for some pretty scary reasons, as far as the top earners in Oregon are concerned. Just last week, it was revealed that $1.1 billion of taxable income had left Multnomah this year which was due to its highest earners leaving the city. And, if you read this tweet – then you will know why.
Twitter user Jen Vaughan wrote “Portland’s income tax rate of 14.7% for high earners is second only to New York City.
The report points out that an individual hits that high earner mark in Portland at $125,000, while a New York taxpayer would have to make $25 million.
Wow. Absolutely bonkers”
Understandably, Portland residents weren’t very happy about this and had their say on social media. Here are a few of the comments:
“Meanwhile, $125,000 is just barely enough to possibly buy a house in Portland these days. $125,000 per year is not upper class. $125,000 per year has the buying power a typical plumber would have in Portland back in the 1980s. This should get levied on people making over $350,000 per year, not $125,000.”
“Time to move to Portland for all the amazing public services provided by these high taxes right?”
As seen, once again it appears that the politicians of Portland have a lot to answer to and this policy has yet again outraged locals.
That’s what happens when cities are run by leftist Commies. Portland, San Francisco, Seattle, etc….