Regarding the transportation package you describe, I understand the need for funding. However, I am continually frustrated that the only solutions for such issues are solved by regressive taxation. Can you explain why the legislature seem adverse to taxing wealth?
Hi David - In this case, I suspect it's mostly a matter of looking to the traditional sources of transportation funding. For what it's worth, Oregon has the lowest exemption for estate taxes of any of the states. Still, there are ways to tax wealth that make sense in this context.
Regarding the transportation package you describe, I understand the need for funding. However, I am continually frustrated that the only solutions for such issues are solved by regressive taxation. Can you explain why the legislature seem adverse to taxing wealth?
David Thomas
Hi David - In this case, I suspect it's mostly a matter of looking to the traditional sources of transportation funding. For what it's worth, Oregon has the lowest exemption for estate taxes of any of the states. Still, there are ways to tax wealth that make sense in this context.