Hunt & Associates P.C.

Dec 12, 2016

Portland Claims the Cure for Income Inequality and Homelessness is More Tax Money for City Government; Surprise!

Homeless manThe City of Portland has just enacted an ordinance imposing a 10% surcharge to the annual city business license tax paid by publicly traded corporations whose CEOs earn compensation when compared with the median worker pay is a ratio of 100:1 or more.  The surcharge increases to an additional 25% of the city business tax if the ratio of CEO compensation to median worker compensation is 250:1 or greater.

The ordinance rationalizes the surcharge as … Read more