Guess it didn't work.
Big tax hike in Oregon results in substantially less revenue
Of all those people who left Oregon how many jobs did they take with them?
"
The tax wasn't enacted into law until June 2009 but was retroactively applied to January 1, 2009. So for the first half of the year wealthy Oregon residents weren't able to take steps to avoid the tax ambush because they didn't see it coming. This suggests that a bigger revenue loss from tax mitigation strategies will show up on tax return data in 2010 and 2011. The Revenue Office has already downwardly revised tax collection projections for the first three years by one-third."
Read more at the Washington Examiner: <broken link removed>
jj
Big tax hike in Oregon results in substantially less revenue
Of all those people who left Oregon how many jobs did they take with them?
"
The tax wasn't enacted into law until June 2009 but was retroactively applied to January 1, 2009. So for the first half of the year wealthy Oregon residents weren't able to take steps to avoid the tax ambush because they didn't see it coming. This suggests that a bigger revenue loss from tax mitigation strategies will show up on tax return data in 2010 and 2011. The Revenue Office has already downwardly revised tax collection projections for the first three years by one-third."
Read more at the Washington Examiner: <broken link removed>
jj