An analysis of these tax changes by the Institute on Taxation and Economic Policy, a national group with a sophisticated model of the tax system, shows the top 1 percent…
The budget includes a 6.3 percent reduction in income tax rates, plus an expansion of additional tax relief for business income. Recall that the Statehouse already has reduced rates 21…
The nonpartisan Institute on Taxation and Economic Policy estimates that the new budget gives the top 1 percent of Ohio taxpayers — those whose annual incomes exceed $1 million —…
Flanked by two men who were not enamored of some of his highest-profile initiatives, Kasich praised Ohio’s new $71.2 billion, two-year budget as “good stuff” on Friday. The latest analysis…
The Senate budget bill approved Thursday, like the House-approved version, would create a tax policy study commission to review the state’s tax structure. But the Senate would require the study…
But Senate Republicans did add an extra income tax cut for about 1 million business owners. They wouldn’t have to pay income taxes on their first $250,000 in profits and…
The three budget plans are competing to see which can offer the biggest, most unnecessary, and most unfair tax cut. The $71.3 billion budget bill approved this week by the…
The report by the Institute on Taxation and Economic Policy on behalf of liberal research group Policy Matters Ohio estimates that the lowest 40 percent of Ohio income earners would…
“If you ask its advocates why it’s a good idea, one of the first things they’ll say is it’s a simpler way to tax,” said Matt Gardner, executive director of…
Some states, however, have decided not to wait for the federal government to make the change. So far, 10 states have taken their own limited steps to expand the number…
“If you ask its advocates why it’s a good idea, one of the first things they’ll say is it’s a simpler way to tax,” said Matt Gardner, executive director of…
Gov. Kasich’s Mid-Biennium Review proposal to expand the credit from 5 percent to 15 percent is a step in the right direction, but more must be done to ensure the…
After the General Assembly raised the top income-tax rate to 7.5 percent in 1992 the state generated more than 100,000 jobs in each of the following three years. Compare that…
Ohio has the 18th most unfair tax system in the nation, according to the Institute on Taxation and Economic Policy. The federal EITC was, in part, designed to eliminate some…
“An analysis by the Institute on Taxation and Economic Policy, a nonprofit research group in Washington, D.C., found the bottom three-fifths of Ohioans would pay more as a group under…
An evaluation of the proposal by the Washington-based Institute on Taxation and Economic Policy, requested by Policy Matters, suggests the top 1 percent of Ohio earners, those making $388,000 or…
The Institute on Taxation and Economic Policy performed an analysis of the governor’s tax plan for Policy Matters Ohio. Released on Tuesday, the evaluation reveals how the overall impact would…
Some of that gap is attributed to the governor’s plan to impose a $1-a-pack increase on the state cigarette tax. But even removing that from the table, taxpayers in the…
The Kasich administration proposal to cut income taxes and expand sales and other taxes would produce big tax cuts for Ohio’s most affluent residents, while increasing taxes on lower- and…
Low- and middle-income Ohioans pay a much greater share of their income in state and local taxes than the state’s most affluent do, according to a study released today. The…
“A national report by the Institute on Taxation and Economic Policy ranks Ohio 18th in the country for most imbalanced tax systems. In a “regressive” tax system, low- and middle-income…
“The situation here is worse than in most states, according to the analysis of 2012 income data by the Institute on Taxation and Economic Policy, which ranked states based on…
“According to a national report, the fifth edition of “Who Pays? A Distributional Analysis of the Tax Systems in All 50 States,” was produced by the Institute on Taxation and…
“In Ohio and across the country, lower-income citizens pay a higher percentage of their income in state taxes than the wealthier do, a new study released yesterday found. The situation…
