My mother passed last spring and I am the executor of the estate. My parents having been blue collar manufacturing workers worked hard for everything they had and paid taxes for every bit of it. Their pensions were small and their 401k savings pretty modest. However, by the value of property alone put the estate value closer to the $1 million threshold than I would have expected, at the time of my mother’s passing I was completely unaware of that threshold. Even a tiny 5 acre farm would easily exceed $1 million threshold.
I’m weary of a tax system that penalizes hard work and prosperity that almost demotivates people to stay middle class which I suspect the Democrats prefer so as to keep you in their governmental “Protections” or control.
The migration is suffering because Oregon penalizes ambition, success and innovative energy causing people to seek friendlier places. I’ve had several friends and acquaintances move to Idaho, Montana, Texas, etc.
A suggested amendment to the bill: Have the tax exempt 1 single family home on a contiguous parcel of land. It’s not perfect but it would help a lot of people pass their home and the land it sits on to their children.
When my wife passes away, I’ll be moving out of Oregon because the left-wing government here is so terrible, so anti-business, and definitely anti-retirement community. in contrast, my sister lives in Nevada, where they don’t tax your retirement. Certainly there are lots of other pretty places to live that don’t have high taxes.
While I agree that the Oregon inheritance tax is egregious I seriously doubt the Party on Charge will consent to allowing citizens to keep what the Party on Charge considers their money
Not a chance this will pass. It’s all about “tax and spend” with the supermajority we have. We need a move back to the pragmatic middle…but voters in Portland have doubled down on far left progressive ideologues—and it’s only getting more polarized in Oregon’s largest city as the centrists bail out for greener pastures (outside of Oregon).
Being contrarian I am part of me says leave it low. I’ll be gone and so this tax won’t impact me. Make those who voted in these Dem oligarchs, pay up. Make all these so called progressives lose more of their increased net worth. :-)))
My mother passed last spring and I am the executor of the estate. My parents having been blue collar manufacturing workers worked hard for everything they had and paid taxes for every bit of it. Their pensions were small and their 401k savings pretty modest. However, by the value of property alone put the estate value closer to the $1 million threshold than I would have expected, at the time of my mother’s passing I was completely unaware of that threshold. Even a tiny 5 acre farm would easily exceed $1 million threshold.
I’m weary of a tax system that penalizes hard work and prosperity that almost demotivates people to stay middle class which I suspect the Democrats prefer so as to keep you in their governmental “Protections” or control.
The migration is suffering because Oregon penalizes ambition, success and innovative energy causing people to seek friendlier places. I’ve had several friends and acquaintances move to Idaho, Montana, Texas, etc.
A suggested amendment to the bill: Have the tax exempt 1 single family home on a contiguous parcel of land. It’s not perfect but it would help a lot of people pass their home and the land it sits on to their children.
they get you coming and going. and don't ask where the money goes...
When my wife passes away, I’ll be moving out of Oregon because the left-wing government here is so terrible, so anti-business, and definitely anti-retirement community. in contrast, my sister lives in Nevada, where they don’t tax your retirement. Certainly there are lots of other pretty places to live that don’t have high taxes.
While I agree that the Oregon inheritance tax is egregious I seriously doubt the Party on Charge will consent to allowing citizens to keep what the Party on Charge considers their money
Why won’t this pass?
Simply put, Oregon leadership and legislators don’t have a clue…
I'm lifelong Oregonian but I'm looking to retire out of state due to tax issues, estate being one of them.
Not a chance this will pass. It’s all about “tax and spend” with the supermajority we have. We need a move back to the pragmatic middle…but voters in Portland have doubled down on far left progressive ideologues—and it’s only getting more polarized in Oregon’s largest city as the centrists bail out for greener pastures (outside of Oregon).
Being contrarian I am part of me says leave it low. I’ll be gone and so this tax won’t impact me. Make those who voted in these Dem oligarchs, pay up. Make all these so called progressives lose more of their increased net worth. :-)))