"New data about who is paying Multnomah County's Preschool for All tax presents a challenge to the notion that rich Portlanders are fleeing the metro area and its taxes. The data shows in 2024, the county received more returns for its Preschool for All tax from high-income filers (those $500,000 and above annually) compared to the two years prior."
"While there's still not enough data available to support sweeping conclusions about Preschool for All, the 2024 data suggests the number of high-income earners in Multnomah County bounced back after a dip in 2022 and 2023. That dip may have been caused in part by people filing their taxes late, or experiencing fluctuations in income."
Multnomah County's Preschool for All tax data from 2024 reveals more high-income filers (earning $500,000 and above annually) compared to the previous two years, contradicting the narrative that wealthy Portlanders are leaving the metro area due to taxes. The county experienced a 14% dip in high-income filers between 2021 and 2022, which some attributed to the tax driving away wealthy residents. However, the 2024 rebound suggests the earlier decline may have resulted from late tax filings or income fluctuations rather than permanent relocation. Limited historical data constrains definitive conclusions about the tax's impact.
Read at Portland Mercury
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