Slideshow: Analysis of Tax Provisions in "Grand Bargain"

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Ad

Analysis of Tax Provisions in
“Grand Bargain”
The Grand Bargain’s tax provisions include:
•  Optional tax rates for busine...

Will the tax provisions of the
proposed Grand Bargain cover
the costs for the proposed new
investments in education,
menta...

Revenue to Pay for New Investments
Shrinks After Current Budget
$189
$50
$24
$0
$50
$100
$150
$200
$250
2013-15 2015-17 20...

Business Pass-Through Income
Subsidy is More Costly After Current Biennium
-$38
-$205
-$239
-$300
-$250
-$200
-$150
-$100
...

How do Oregonians at different
levels of the income scale fare
under the combined personal
income tax (PIT) provisions of
...

Beneficiaries of Tax Cuts Are Roughly Evenly Distributed;
Tax Increases Mainly Impact Higher End of Income Scale
0%
20%
40...

Lion’s Share of the Tax Cut Goes to Some of the
Top 1 Percent
0%
20%
40%
60%
80%
100%
Lowest
20%
Second
20%
Middle
20%
Fou...

For Top 1 Percent, Average Tax Cut Dwarfs
Average Tax Increase
$51 $27 $152 $328 $357 $573 $745
-$31 -$60 -$67 -$108 -$99
...

The Overall Average Tax Change is Negligible for
All Except the Windfall for the Top 1 Percent
-$8 -$15 -$16
$21 $49 $149
...

Who benefits from the Grand
Bargain’s business pass-
through income tax subsidy?
9/25/13

Business Pass-Through Income
Subsidy Is Mainly for Some at the Top
0%
20%
40%
60%
80%
100%
Lowest
20%
Second
20%
Middle
20...

Average Savings for Someone in the
Top 1 Percent Getting a Subsidy Is Over $6,000
$0 -$46 -$71 -$53 -$75
-$458
-$6,011
-$1...

Most of the Total Tax Cut Goes to a Portion of
the Top 1 Percent
0%
20%
40%
60%
80%
100%
Lowest
20%
Second
20%
Middle
20%
...

Top 1 Percent Saves, on Average, about $3,300
$0 $0 -$3 -$3 -$8 -$113
-$3,298
-$10,000
-$8,000
-$6,000
-$4,000
-$2,000
$0
...

How would Oregonians at
different levels of the income
scale fare under the combined
PIT provisions if the Grand
Bargain d...

Without Pass-Through Subsidy, Plan More Fair:
Tax Increases Concentrated at the Top, Tax Cuts for
Some Low- & Middle-Incom...

Without Pass-Through Subsidy, Tax Changes
Would Be More Closely Based on Ability to Pay
0%
20%
40%
60%
80%
100%
Lowest
20%...

Without Pass-Through Subsidy, the Tax Cuts &
Increases Are Fairly Modest for Everyone
$51 $27
$153
$328 $357
$607 $629
-$3...

Without Pass-Through Subsidy, Average Overall
Change Would Be Based on Ability to Pay
-$8 -$15 -$13
$24 $58
$284
$614
-$50...

Conclusion
In its current form, after the current biennium the Grand Bargain’s
tax package won’t deliver the money needed ...

Share SlideShare

Facebook
Twitter
LinkedIn

Embed

Size (px)

Show related SlideShares at end

WordPress Shortcode

Link

LinkedIn
Facebook
Twitter
Email

Replay

Top clipped slide

1 of 20 Ad

1 of 20 Ad