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Tag: David Cay Johnston

What defines a local business?

just because a company has a presence in Coos County does not mean it is local. Verizon, Frontier, Pacific Power, Safeway and Walmart, Oregon Resources and yes, Waste Connections may all do business here but their profits exit the county the moment you pay them for goods or services

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Corporations hoarding cash and destroying jobs

Some of the multinational corporations say they will bring home what could be more than a trillion dollars if Congress will give them an 85 percent tax discount. The companies frame this as creating jobs. But as I showed in an earlier column, unless there are strict rules, the money can be used to buy back company stock while destroying jobs.

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SCDC finances revealed! Shedding some light at last

In summary, SCDC has brought in more than a $1 million dollars in “gifts, grants, contributions and membership fees” since 2005. Also, Sandy Messerle is salary and payroll contributions total almost $66,000 annually compared to the late Ron Optiz who pulled down more than $80,000. Public relations and travel account for more than 50% of the non payroll expenses in 2010. Finally, SCDC cumulative income has more than doubled in the last three years.

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Oregon gets more revenue from lottery funds than corporate income tax

Cajoled by slick marketing schemes and advertising paid for an promoted by the government, poor people are voluntarily giving up 1/5th of their income in the hope of improving their lives. David Cay Johnston, in his column for Tax.com says that while most state lotteries were sold as a means to raise money for schools, “Ticket sales have to rise by 21 percent just to make up for the reduction in money going to education.”

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