(1) The goals of the Legislative Assembly are to achieve for the people of this state a tax system that recognizes: (a) Fairness and equity as its basic values; and (b) That the total tax system should use seven guiding principles as measures by which to evaluate tax proposals. (2) Those guiding principles are: (a) Ability to pay; (b) Fairness; (c) Efficiency; (d) Even distribution; (e) The tax system should be equitable where the minimum aspects of a fair system are: (A) That it shields genuine subsistence income from taxation; (B) That it is not regressive; and (C) That it imposes approximately the same tax burden on all households earning the same income; (f) Adequacy; and (g) Flexibility. (3) To meet those goals of Oregons tax system, any tax must be considered in conjunction with the effects of all other taxes on Oregonians. Note: 316.003 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 316 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
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