PAY RATIO SURTAX PRS SCHEDULE City of Portland Business Form
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People also ask
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What is personal income tax in Portland Oregon?
These taxes went into effect for tax years beginning on or after January 1, 2021. The personal income tax is 1% on taxable income above $125,000 for individuals and $200,000 for those filing jointly, and a 1% business income tax on net income for businesses with gross receipts above $5 million. -
How much is tax in Portland Oregon?
The Oregon sales tax rate is currently 0%. The County sales tax rate is 0%. The Portland sales tax rate is 0%. -
What is the personal income tax rate in Portland?
ing to their data, Portland's income tax rate of 14.7% for high earners is second only to New York City. -
Does Oregon have personal income tax?
The personal income tax is the largest source of state tax revenue, expected to account for 86% of the state's General Fund for the 2021–2023 biennium. Oregon's taxable income is closely connected to federal taxable income. The state personal income tax rates range from 4.75% to 9.9% of taxable income. -
What is the pay ratio surcharge in the City of Portland?
Publicly traded companies that are subject to the Business License Tax in the City of Portland must pay a surtax on the tax paid if the CEO-to-median worker compensation ratio is equal to or above 100:1. If the ratio is equal to or above 100:1 but less than 250:1, the surtax is 10%. -
Who is subject to the Portland business tax?
Your business owns, leases, or rents personal or real property (including residential or commercial property) in the City of Portland, Multnomah County, and/or Metro jurisdiction. You are self-employed and work in Portland and/or Multnomah County. -
What is the City of Portland business tax rate?
The details City of Portland's Business License Tax: 2.6% of net revenue on gross receipts above $50,000. Multnomah County's Business Income Tax: 2% of net revenue on gross receipts above $50,000. Metro's Supportive Housing Services Business Income Tax: 1% on net revenue on gross receipts above $5 million.
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