Policy Matters Ohio: Testimony: Tax Cuts, Flat Tax Aren’t the Answer
ITEP Work in ActionOverall, the top 1 percent, who made more than $360,000 a year in 2014, received an average annual tax cut of $20,000 from the major tax changes between 2005 and 2014 (that doesn’t include last year’s cuts). On average, Ohioans in the bottom 60 percent of the income spectrum (making $54,000 or less) are paying slightly more. These numbers came from an analysis by the Institute on Taxation and Economic Policy, a national research group with a sophisticated model of state and local tax systems.