Portland Street Fund would tax residents based on income


The proposed measure would raise $15 million each year to repair crumbling roads and infrastructure.

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The proposed measure would raise $15 million each year to repair crumbling roads and infrastructure.

Individuals will be taxed based on income. As with federal and state income taxes, there is a filing schedule complete with deductions for dependents.

A couple earning $40,000 to $60,000 a year would pay $60 a year, rising to $90 per year for income between $60,000 and $75,000 and $120 for income between $75,000 and $100,000.

The rate rises steeply on high-income earners, to $900 a year for those with income of $350,000 or more.

Read more at Portland Business Journal




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