Oregon Free Payday Loans

Question: What is the kicker (oregon tax rebate) about?

(Posted by: on 2011-12-04 17:52:10)

I know it has something to do with limiting revenue in the state of oregon. Does this mean that if I own a successful business in oregon, I am unable to make millions of dollars?

Posted by: cynic47 on 2011-12-04, 18:38:40

The Kicker is a refund of state taxes made when the state has a revenue surplus. The state's balanced budget amendment prevents the legislature from having a revenue deficit, so the two provisions ensure that state revenue will approximately equal cash outflow. The Kicker has nothing to do with limiting the income of individuals or businesses within the state. See a more complete explanation in Wikipedia, below: