All Portland-Metro residents have the right to local government that is funded well enough to provide the services our community needs. Households and businesses should be taxed according to their ability to pay: Wealthy individuals and big businesses will pay a higher proportion of their incomes in taxes and fees so lower income people and small business can pay less.
- Policy #5A. TAX THE RICH.
The Tax the Rich ordinance funds the needs of the community by leveraging the unprecedented wealth of high-income earners in Portland. The tax will fund services such as universal pre-K, sanctuary support, jobs programs, and housing by a tiered tax:
Tier 1: over $250,000 single or $500,000 joint: 2%
Tier 2: over $500,000 single or $1m joint: 4%
Tier 3: over $750,000 single or $1.5m joint: 6%
Tier 4: over $1m single or $2m joint: 8%
The Revenue produced would be as follows: Approximately $114m in Portland, $143m if applied to Multnomah County, $225m if applied to Metro