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Comment on Decades of tax breaks for the wealthiest, poor outcomes for Ohioans by Sign Up
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Comments for Policy Matters Ohio
Decades of tax breaks for the wealthiest, poor outcomes for OhioansNew data show continuing trendMajor tax policy changes enacted by Ohio lawmakers since 2005 require families with the lowest incomes to pay more, the wealthy to pay less, and the state to forgo the resources it needs to ensure the prosperity of its residents.
Cuts to the state’s progressive income tax — the only state tax calculated according to a household’s ability to pay — have been partly or entirely offset by increases in other types of taxes.
The results include relatively small average cuts (less than 1% of income) for middle-income households; average tax increases for households with annual income under $24,000; and average windfalls of more than $50,000 annually for the 1% of households with incomes over $647,000.
Ohioans are feeling these shortfalls in their everyday lives.
It’s important to understand what has forced them: tax policy that prioritizes the wealthy over the rest of us.”