Wealthiest Ohioans Hit Hardest By Tax-Cut Delay
Published: October 4, 2009
COLUMBUS, Ohio—An analysis indicates that the wealthiest Ohioans would account for most of the money Governor Ted Strickland hopes to raise by freezing a planned income tax cut.
A review of state Department of Taxation records by The Dispatch newspaper finds that Ohioans earning more than $200,000 a year would provide 40 percent of the revenue. The analysis shows that Ohioans earning between $100,000 and $200,000 annually would contribute another 20 percent of the $844 million Strickland hopes to raise.
The majority of Ohio taxpayers, those earning between $20,000 and $80,000 a year, would lose an average of $44 they would have saved if the freeze is approved. Strickland has proposed freezing income tax cuts for two years to fund education in the wake of a court decision that halted his plan to put lottery slot machines at racetracks.
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Reader Reactions
If we have a state senator that says the Issue 3 casino owners are behind the lawsuit that caused this problem, then why are we putting up with anyone paying higher taxes. That means because the casinos want a monopoly in Ohio, our budget falls apart and we end up paying higher taxes. If the voters truly understand what’s going on here, they will never support issue 3.
Scool dud
looks like you could use some of the money to educate yourself! Nice spelling!
I’ll pay the $44 for my kids; and other kids.
chase away the educated big money jobs. those making 200,000 probly paid over half of it to educate themselves to make that kind of money. all you hear is how the gov is bringing in the tech jobs for big pay and then turm around and tax them more. my parents will moitor how much they make to not get burnt by the taxes instead of working extra to make more. yes one has a masters and 25 years experience and the other is a rn with many creditals to make themself more valuable to work more positions. no one should have to turn down shifts or overtime to prevent being taxed higher than overtime is already. i have an ideal, people shuld worry about themself and what money they have opposed to how much the jones make. we as a nation seem to pentalize those that work hard and make a good living.
Who are these weathly people? They are families with 2 professional incomes. Keep taxing them like this, and one of the earners will drop out. This will kill tax revenues. It is better to actually cut taxes for the wealthy and keep both high income workers working.
*sniff, sniff* Boohoo for the wealthiest, imagine how hard it must actually hit. $44 dollars is not much, but to all too many families that is a week of groceries.
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