The Glade 4.0 :: View topic - Oregon Passes Measures 66 and 67 ...

There may be a way to not collect the money, but pass along invoices from your debtors. In other words, don't pay me for these services, just pay this electricity bill for me.

Arathain Kelvar wrote:

There may be a way to not collect the money, but pass along invoices from your debtors. In other words, don't pay me for these services, just pay this electricity bill for me.

I read some articles about these proposals, but what Khross mentioned is the first I have read, but if his statements are correct, there won't be any architect's offices in Oregon anymore... if the arch. firm is getting taxed on gross receipts, that includes money collected via contracts to be paid to consultants, such as engineers.

Architects don't pay their engineering bills anyway....

Arathain Kelvar wrote:

Architects don't pay their engineering bills anyway....

Crappy engineers don't get paid, since their fee goes right back to the owner for Change Orders to correct the uncoordinated and impossible designs...

My parents estate is never going to sell. I will have no inheritance....but probably a lot of debt in a few years when all my parents money has been spent to maintain a house/property that no one can afford to buy in a place that has no jobs....

Can't. My siblings still have high hopes of making a lot money on it....the house has been on the market and they've dropped the price twice...its waaaaay low. But they wouldn't take the $300,000 offer that someone made. They are stoopid....the house is in a town on the coast where there are 2 types of people: very very poor, and wealthy beyond measure. Since my parents estate is located in a family neighborhood without a beach-front view its not likely to sell.
And yes, I agree with Loki. My home state is a little nutty.

A quitclaim, initiated by you, would grant your siblings full rights to the property, and eliminate any interest you hold in it.

Wow that is insane... How could any singular person think that is a good idea, let alone the entire legislature?

I hope you guys aren't serious about suggesting she forfeit her interest.

Any possibility your nutty siblings might buy you out ?

Author:	Khross [ Thu Jan 28, 2010 8:23 am ]
Post subject:	Oregon Passes Measures 66 and 67 ...
To which I respond ... [youtube]kjqciEtCnks[/youtube]

Author:	Monte [ Thu Jan 28, 2010 8:56 am ]
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It's a liberal mandate!!!!!!

Author:	Khross [ Thu Jan 28, 2010 9:23 am ]
Post subject:	Re: Oregon Passes Measures 66 and 67 ...
Measure 67 changes how Oregon calculates business income taxes. Instead of using profits and real earnings, they will now use unadjusted gross revenues. The businesses are being taxed on the amount of money they handle, not the amount of money they actually clear. Consequently, there will be no jobs Oregon, because no one can do business like that. Of course, Measure 67 pretty much guarantees that Measure 66 is a non-issue ... Since Oregon is about to hit 100% unemployment ... if we don't count the people who work for the state.

Author:	Diamondeye [ Thu Jan 28, 2010 9:50 am ]
Post subject:	Re: Oregon Passes Measures 66 and 67 ...
What are the issues in question?

Author:	Khross [ Thu Jan 28, 2010 9:54 am ]
Post subject:	Re: Oregon Passes Measures 66 and 67 ...
Diamondeye: Measure 66 is an increase in personal income taxes for individuals who makes more than $125,000 a year. Measure 67 increases the minimum business income tax from $10 to $150, which is mostly a non-issue, but also changes how business income taxes are calculated by changing it from Gross Profits to 0.1% of gross revenues for all businesses that have more than $500,000 a year in Oregon Revenues (that is, revenue in the state of Oregon). Revenue literally amounts to money collected, but current taxation is based on adjusted gross profit, which means that failing companies actually generate no taxes. Now even companies that produce no profits will be required to pay taxes. And, likewise, since this is in addition to already existing corporate income taxes, it amounts to putting most everyone out of business.

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Author:	Arathain Kelvar [ Thu Jan 28, 2010 10:47 am ]
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There may be a way to not collect the money, but pass along invoices from your debtors. In other words, don't pay me for these services, just pay this electricity bill for me.

Author:	Khross [ Thu Jan 28, 2010 10:50 am ]
Post subject:	Re: Oregon Passes Measures 66 and 67 ...
Arathain: The other option is to push revenues out of state by moving the point of sale. The problem being that it will negatively affect the businesses people need most, driving up the cost of goods and services while stagnating or even depressing wages.

Author:	Ladas [ Thu Jan 28, 2010 11:21 am ]
Post subject:	Re:
Arathain Kelvar wrote: There may be a way to not collect the money, but pass along invoices from your debtors. In other words, don't pay me for these services, just pay this electricity bill for me. I read some articles about these proposals, but what Khross mentioned is the first I have read, but if his statements are correct, there won't be any architect's offices in Oregon anymore... if the arch. firm is getting taxed on gross receipts, that includes money collected via contracts to be paid to consultants, such as engineers.

Author:	Hopwin [ Thu Jan 28, 2010 12:25 pm ]
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Wow that is insane... How could any singular person think that is a good idea, let alone the entire legislature?

Author:	Ladas [ Thu Jan 28, 2010 12:31 pm ]
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I did some more reading I see a lot comments that the gross revenue basis for the tax only applies to companies that do not turn a profit, with a few exceptions.

Author:	Ladas [ Thu Jan 28, 2010 12:32 pm ]
Post subject:	Re: Re:
Arathain Kelvar wrote: Architects don't pay their engineering bills anyway.... Crappy engineers don't get paid, since their fee goes right back to the owner for Change Orders to correct the uncoordinated and impossible designs...

Author:	Loki [ Thu Jan 28, 2010 1:54 pm ]
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My state is a little nutty.

Author:	LadyKate [ Thu Jan 28, 2010 2:02 pm ]
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My parents estate is never going to sell. I will have no inheritance....but probably a lot of debt in a few years when all my parents money has been spent to maintain a house/property that no one can afford to buy in a place that has no jobs....

Author:	DFK! [ Thu Jan 28, 2010 2:34 pm ]
Post subject:	Re:
LadyKate wrote: My parents estate is never going to sell. I will have no inheritance....but probably a lot of debt in a few years when all my parents money has been spent to maintain a house/property that no one can afford to buy in a place that has no jobs.... Stop maintaining it?

Author:	Kaffis Mark V [ Fri Jan 29, 2010 8:29 am ]
Post subject:	Re:
Midgen wrote: Any possibility your nutty siblings might buy you out ? That's definitely the approach I'd use if I were leery of its sale (with the siblings' involvement). How many siblings, two? They turned down a 300k offer? Offer them the chance to buy you out for 100k. That's your share of what they turned down, against your judgement. They turned it down, so they think they'll get more. It's a win/win from both perspectives, based on the perceived value of the property on each side.

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Author:	LadyKate [ Thu Jan 28, 2010 2:42 pm ]
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Can't. My siblings still have high hopes of making a lot money on it....the house has been on the market and they've dropped the price twice...its waaaaay low. But they wouldn't take the $300,000 offer that someone made. They are stoopid....the house is in a town on the coast where there are 2 types of people: very very poor, and wealthy beyond measure. Since my parents estate is located in a family neighborhood without a beach-front view its not likely to sell. And yes, I agree with Loki. My home state is a little nutty.

Author:	Müs [ Thu Jan 28, 2010 2:53 pm ]
Post subject:	Re:
LadyKate wrote: Can't. My siblings still have high hopes of making a lot money on it....the house has been on the market and they've dropped the price twice...its waaaaay low. But they wouldn't take the $300,000 offer that someone made. They are stoopid....the house is in a town on the coast where there are 2 types of people: very very poor, and wealthy beyond measure. Since my parents estate is located in a family neighborhood without a beach-front view its not likely to sell. And yes, I agree with Loki. My home state is a little nutty. Quitclaim your interest in the property. Make sure that albatross isn't around your neck.

Author:	LadyKate [ Thu Jan 28, 2010 3:32 pm ]
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What is quitclaim?

Author:	Vindicarre [ Thu Jan 28, 2010 5:01 pm ]
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A quitclaim, initiated by you, would grant your siblings full rights to the property, and eliminate any interest you hold in it.

Author:	Müs [ Thu Jan 28, 2010 5:06 pm ]
Post subject:	Re:
Vindicarre wrote: A quitclaim, initiated by you, would grant your siblings full rights to the property, and eliminate any interest you hold in it. This. Especially if you think it'll end up being a burden financially. You have a family and future to think about, there's no good in remaining a part of something that could turn out to be poisonous to that. Its possible that it could sell for some sum of money, yes. You have to weigh the possibility of that with the possibility of it becoming a liability to you, Nite, and your children.

Author:	Midgen [ Fri Jan 29, 2010 5:55 am ]
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Don't quitclaim it, just transfer your interest to me? (How many siblings do you have?) I hope you guys aren't serious about suggesting she forfeit her interest. Any possibility your nutty siblings might buy you out ? Hopwin wrote: Wow that is insane... How could any singular person think that is a good idea, let alone the entire legislature? ...let alone the majority of 59% of the population... As has been stated, Oregon is a nutty place full of nutty people. I drove through on my way to California this summer and nearly got arrested for trying to pump my own gas. (I had no idea, really....)

Author:	Vindicarre [ Fri Jan 29, 2010 6:11 am ]
Post subject:	Re:
Midgen wrote: I hope you guys aren't serious about suggesting she forfeit her interest. I guess I should clarify: I know nothing about her finances or the relative value of the real estate; as such, I advocate nothing with regards to this piece of property.

Author:	Monte [ Fri Jan 29, 2010 8:27 am ]
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From what I understand this was not a matter in front of the legislature, but one that was voted in via a ballot measure. Obviously, Khross, all jobs are not going to leave Oregon because of this ruling. So, what's your prediction on how this will effect jobs in the state?