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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