Portland Tops Cities Where High Earners Face Biggest Tax Hit

Portland, Oregon, may penalize higher earners more than any other large US city, according to a new report.

Earners who make $250,000 a year in Portland pay taxes that are 7.5% higher than those making $100,000. That’s the steepest hike in the country, according to an analysis of the 76 largest US cities by SmartAsset, a consumer-focused financial information provider.

“You could say Portland ‘penalizes’ high earners the most,” Jaclyn DeJohn, SmartAsset’s managing editor of economic analysis, said in an email.

On average, people making $250,000 pay 34% in taxes, according to SmartAsset, almost 5 percentage points higher than those making $100,000. ...