David Cay Johnston | Mar. 31, 2011 10:36 AM EDT
The long-running drive in America to push the burden of taxes down the income ladder has reached a new milestone in Oregon, which sends a troubling message for where our country's public finances are headed.
Oregon now gets substantially more revenue from state-sponsored gambling than from its corporate income tax.
The Oregon Office of Economic Analysis, the state agency that forecasts revenue and expenses, said that for the 2011-2013 biennium, the lottery should net the state almost $1.1 billion compared with just under $900 million from the corporate income tax. And while corporate tax revenue should grow as the economy recovers, the lottery will continue to bring in more through at least 2017, the most distant year the forecast covers.
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