The income divide in Oregon (like the rest of the country) worsens. Tax code manipulation in plain sight.
In the 10 years since the severe economic downturn officially ended, the typical Oregonian’s annual income has increased by only $2,500 while the average income of the top 0.1 percent of earners in Oregon jumped by $1.9 million. For the rest of the top 1 percent, the average increase is $193,000.
These numbers come from the Oregon Center for Public Policy’s new report, “Income of Oregon’s Ultra-Rich Sets New Record.” In short, the rich get richer and the rest stay stuck. Here’s the story in The Oregonian. Click here.