A recent report suggests that Portland, Oregon, imposes a higher tax burden on high earners compared to other major cities in the United States. According to SmartAsset, a financial information provider, individuals earning $250,000 annually in Portland face a tax increase of 7.5% compared to those earning $100,000. This increase is the largest among the 76 largest cities analyzed. SmartAsset's Jaclyn DeJohn, the managing editor of economic analysis, stated via email that one could argue that Portland penalizes high earners the most.
Those making a salary of $250,000 in Portland pay over $100,000 in taxes
6/8/2023
On average, individuals earning $250,000 pay approximately 34% in taxes according to SmartAsset, which is nearly 5 percentage points higher than those earning $100,000. In Portland specifically, individuals earning $250,000 are taxed at a rate of 41%, while those earning $100,000 are taxed at almost 34%. Consequently, someone earning $250,000 in Portland would be liable for over $100,000 in taxes.
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