Ohio
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ITEP Work in Action August 8, 2019 Policy Matters Ohio: Ohio Tax Shift Away From the Wealthy: The Pattern Repeats
The main tax measures in Ohio’s new budget bills will bring tax increases on average for lower- and middle-income taxpayers, while those at the top of the income scale on… -
blog July 18, 2019 Many States Move Toward Higher Taxes on the Rich; Lower Taxes on Poor People
Several states this year proposed or enacted tax policies that would require high-income households and/or businesses to pay more in taxes. After years of policymaking that slashed taxes for wealthy households and deprived states of revenue to adequately fund public services, this is a necessary and welcome reversal.
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ITEP Work in Action June 4, 2019 Policy Matters Ohio: Refundability Now
The federal credit is so effective that 29 states, including Ohio, have used it as a model for their own EITCs, calculating the state credit’s value as a percentage of the federal one. However, Ohio’s credit leaves out the most important part: refundability.
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ITEP Work in Action May 15, 2019 Policy Matters Ohio: The Good and the Bad in the House Tax Plan
The tax plan approved by the Ohio House last week would sharply limit an income-tax break for business owners that costs more than $1 billion a year while providing few… -
ITEP Work in Action March 25, 2019 Policy Matters Ohio: Senate Transportation Budget Zeroes Out Public Transit, Slightly Improves EITC
Last week, the Ohio Senate took a leap backwards by removing $100 million for public transit from the Transportation Budget allocated by the Ohio House of Representatives. They also took… -
ITEP Work in Action March 12, 2019 Policy Matters Ohio: Loopholes Upon Loopholes
As noted, of the three deductions, by far the most taxpayers took advantage of the deduction for self-employment taxes. The Institute on Taxation and Economic Policy, which has a model… -
ITEP Work in Action January 17, 2019 Beacon Journal/Ohio.com Editorial Board: How Ohio’s Tax System Puts a Heavier Burden on the Poor
The Institute for Taxation & Economic Policy performed the analysis for Policy Matters. Consider that those Ohio families with annual incomes below $19,000 paid an average 12.3 percent of their… -
ITEP Work in Action January 11, 2019 Policy Matters Ohio: New Research Underlines Need to Overhaul State Tax Code
Ohio’s upside-down tax system takes an especially heavy toll on black and Latino residents. That’s the finding of new research from the Institute on Taxation & Economic Policy (ITEP), a… -
ITEP Work in Action October 22, 2018 Beacon Journal/Ohio.Com Editorial Board: A Taxing Matter Goes Missing in the Governor’s Race
It follows that low- and middle-income Ohioans pay a higher share than the national average, and wealthy Ohioans pay a lower share.
To a degree, that is expected in view of the vastly larger incomes of wealthy Ohioans. At the same time, the state would be well served by altering the shares to make the state and local system more fair, to reflect how new income in recent years, even decades, has flowed largely to households at the highest income rungs.
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October 17, 2018 Ohio: Who Pays? 6th Edition
OHIO Read as PDF OHIO STATE AND LOCAL TAXES Taxes as Share of Family Income Top 20% Income Group Lowest 20% Second 20% Middle 20% Fourth 20% Next 15% Next… -
September 26, 2018 Tax Cuts 2.0 – Ohio
The $2 trillion 2017 Tax Cuts and Jobs Act (TCJA) includes several provisions set to expire at the end of 2025. Now, GOP leaders have introduced a bill informally called… -
ITEP Work in Action July 15, 2018 Cleveland.com: Changes Needed in Ohio’s Tax Policy (Opinion)
The Institute on Taxation & Economic Policy has examined the major state tax changes since 2005. For the top 1 percent, who make at least $480,000 a year, the tax cuts average $40,790 annually. Middle-income Ohioans on average have not received a cut, while those in the poorest fifth, earning less than $22,000, got an average increase of $140.
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ITEP Work in Action June 26, 2018 Scene: Policy Matters Ohio Proposes State Income Tax Overhaul to Help Low- and Middle-Income Ohioans
After presenting the recommendations contained within a new report Tuesday morning, Policy Matters Ohio researcher director (and the report’s lead author) Zach Schiller was asked whether or not Ohio, a “center-right state,” would realistically support a tax code overhaul that proposed taxing Ohio’s wealthiest at a higher rate.
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ITEP Work in Action June 25, 2018 Policy Matters Ohio: Overhaul: A plan to rebalance Ohio’s income tax
Policy Matters proposes the following changes to the state income tax […] This would generate almost $2.6 billion a year, including the cost of expanding the EITC, according to analysis… -
ITEP Work in Action April 30, 2018 Beacon Journal/Ohio.Com Editorial Board: Agenda For The Governor’s Race
In one week, Democratic and Republican voters will choose their candidates for the November election. That includes the selections for governor, the job coming open after eight years with John Kasich. The governor has his achievements, most notably, the Medicaid expansion. His tenure also frames a worthy debate for this campaign.
Fortunately, Innovation Ohio and Policy Matters Ohio, two think tanks, highlighted that discussion last week in unveiling their report “A Winning Economic Agenda for Ohio’s Working Families.”
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ITEP Work in Action December 21, 2017 Policy Matters Ohio: Crackdown on Dreamers could cost Ohio millions
If DACA recipients stay in Ohio after losing work authorization they could earn lower wages and become less likely to file income tax returns. Without the Dream Act, Ohio can… -
December 16, 2017 How the Final GOP-Trump Tax Bill Would Affect Ohio Residents’ Federal Taxes
The final tax bill that Republicans in Congress are poised to approve would provide most of its benefits to high-income households and foreign investors while raising taxes on many low-… -
December 6, 2017 How the House and Senate Tax Bills Would Affect Ohio Residents’ Federal Taxes
The House passed its “Tax Cuts and Jobs Act” November 16th and the Senate passed its version December 2nd. Both bills would raise taxes on many low- and middle-income families in every state and provide the wealthiest Americans and foreign investors substantial tax cuts, while adding more than $1.4 trillion to the deficit over ten years. The graph below shows that both bills are skewed to the richest 1 percent of Ohio residents.
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November 14, 2017 How the Revised Senate Tax Bill Would Affect Ohio Residents’ Federal Taxes
The Senate tax bill released last week would raise taxes on some families while bestowing immense benefits on wealthy Americans and foreign investors. In Ohio, 45 percent of the federal tax cuts would go to the richest 5 percent of residents, and 11 percent of households would face a tax increase, once the bill is fully implemented.
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November 6, 2017 How the House Tax Proposal Would Affect Ohio Residents’ Federal Taxes
The Tax Cuts and Jobs Act, which was introduced on November 2 in the House of Representatives, includes some provisions that raise taxes and some that cut taxes, so the net effect for any particular family’s federal tax bill depends on their situation. Some of the provisions that benefit the middle class — like lower tax rates, an increased standard deduction, and a $300 tax credit for each adult in a household — are designed to expire or become less generous over time. Some of the provisions that benefit the wealthy, such as the reduction and eventual repeal of the estate tax, become more generous over time. The result is that by 2027, the benefits of the House bill become increasingly generous for the richest one percent compared to other income groups.
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October 4, 2017 GOP-Trump Tax Framework Would Provide Richest One Percent in Ohio with 57.5 Percent of the State’s Tax Cuts
The “tax reform framework” released by the Trump administration and congressional Republican leaders on September 27 would not benefit everyone in Ohio equally. The richest one percent of Ohio residents would receive 57.5 percent of the tax cuts within the state under the framework in 2018. These households are projected to have an income of at least $483,100 next year. The framework would provide them an average tax cut of $56,280 in 2018, which would increase their income by an average of 3.7 percent.
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August 17, 2017 In Ohio 39.1 Percent of Trump’s Proposed Tax Cuts Go to People Making More than $1 Million
A tiny fraction of the Ohio population (0.5 percent) earns more than $1 million annually. But this elite group would receive 39.1 percent of the tax cuts that go to Ohio residents under the tax proposals from the Trump administration. A much larger group, 47.6 percent of the state, earns less than $45,000, but would receive just 6.3 percent of the tax cuts.
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July 20, 2017 Trump Tax Proposals Would Provide Richest One Percent in Ohio with 47.2 Percent of the State’s Tax Cuts
Earlier this year, the Trump administration released some broadly outlined proposals to overhaul the federal tax code. Households in Ohio would not benefit equally from these proposals. The richest one percent of the state’s taxpayers are projected to make an average income of $1,485,800 in 2018.
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blog July 11, 2017 State Rundown 7/11: Some Legislatures Get Long Holiday Weekends, Others Work Overtime
Illinois and New Jersey made national news earlier this month after resolving their contentious budget stalemates. But they weren’t the only states working through (and in some cases after) the holiday weekend to resolve budget issues.
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blog June 7, 2017 State Rundown 6/7: Kansas Success Story and Other State News
This week, we celebrate a victory in Kansas where lawmakers rolled back Brownback’s tax cuts for the richest taxpayers. Governors in West Virginia and Alaska promote compromise tax plans. Texas heads into special session and Vermont faces another budget veto, while Louisiana and New Mexico are on the verge of wrapping up. Voters in Massachusetts may soon be able to weigh in on a millionaire’s tax, the California Senate passed single-payer health care, and more!