The Toledo Blade: Unequal and Unbalanced
media mention“In Ohio, a separate recent study by the Institute on Taxation and Economic Policy reported that the state’s tax changes since 2005 are giving the richest 1 percent of taxpayers — those with average annual incomes of more than $1 million — a typical tax cut of $20,000 a year.
That’s a greater tax cut, as a share of the 1 percent’s income, than for any other income group. By contrast, the bottom 60 percent of Ohio households, which make $54,000 a year or less, are paying higher state taxes than they would have without the changes, the study concludes.”