State sponsored gambling is already and is again projected to be a bigger revenue earner for Oregon than corporate income tax. According to OCPP (Oregon Center for Public Policy) anticipated state revenue from the Oregon Lottery in 2013-15 is $1.045 billion while corporate income taxes are expected to bring just $1.027 billion. There are several useful facts available at the OCPP website that include some of these below.
Share of Oregon income taxes paid by corporations in 1973-75: 18.5 percent.[15]
Share of Oregon income taxes corporations are projected to pay in 2013-15: 7.1 percent.[16]
Additional state revenue available in 2013-15 for schools, health and human services and public safety if corporations paid the same share of the state’s income taxes they paid in 1973-75: $2 billion.[17]
It should be noted that in 1975 Oregon’s unemployment rate hovered around 6% and since 1990 it has jumped from 5% to 8.2% as of February.
Other interesting tidbits include:
Share of income going to Oregon’s top 1 percent in 2011: 13.1 percent.[9]
Share of income going to Oregon’s bottom 40 percent in 2011: 8.0 percent.[10]
Share of income from capital gains going Oregon’s top 1 percent in 2011: 66 percent.[11]
Read the full list here Tax Facts That Matter: 2013
