Multnomah Capital gains tax is gonna hurt (No on 26-238)

By Taxpayers Association of Oregon

We received this letter from a NE Portlander who is gravely alarmed over Multnomah County Ballot Measure 26-238 which would create a County Capital Gains Tax.

He wished to be anonymous. Here is a synopsis of his statements:

“I am planning on selling my home so I can move to a safer part of the country.  My home should be valued at about $400,000, so this capital gains  theft may cost me around $3,000.  That $3,000 is money I need to move out of the state.   They also want to make measure 26-238 retro-active back to January 1, 2023.   Multnomah County is one of the highest taxed counties in the United States, second only to New York City.  I bet most Multnomah County residences do not know this.   We cannot let Multnomah County fund another leeching bureaucratic organization that from all and rewards only a few, and that which will pay pay their administrators $100,000 annual income. Please vote No on Measure 26-238.”

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