Local leaders always want more tax money. Can’t rely on their opinions. Ohio doesn’t have any overriding need compared to states without an income tax, so I would have to believe this is a good move for Ohio. We would probably even accept a small sales tax increase along with it, even if just to do away with the annoying stupidity of state tax returns every year.
Good luck with that!
Apparently a few Republican lawmakers here in Indiana are expanding the reduction in the income tax to totally eliminating it. This year it fell a smidgen from 3.25 to 3.15%, but I’m not kicking. Also, the state has fully implemented military retirement pay being totally free of income taxes.
NH doesn’t have state income taxes either.
Sheesh. California has (depending on the city/county) up to 9.5% sales tax. This on top of a 13% top tier income tax. And it still is running a $60 billion deficit.
The “Volunteer State” NEVER had a work income tax.
They have a Hall tax for interest income from 1929.
It was repealed in 2021.
TN is prosperous, others trying to figure out why.
| Ohio Taxable Income | Tax Calculation |
|---|---|
| $0 - $26,050 | 0.000% |
| $26,051 - $100,000. | $360.69 + 2.750% of excess over $26,050 |
| $100,000- $115,300. | $2394.32 + 3.688% of excess over $100,000 |
| more than $115,300. | $2958.58 + 3.75% of excess over $115,300 |