Ohio should be the first Midwest state to eliminate personal income tax
Originally enacted in 1972. Ohio’s personal income tax is outdated and holding the Buckeye state back. The top marginal tax rate on personal income tax in Ohio is 3.99%.
Ohio law makers deserve recognition for cutting brackets from nine in 2010 to four in 2021. While reducing the top marginal rate from 6.24% to 3.99% over the past ten years. In just the past 2 years the Ohio legislature has eliminated personal income tax for anyone making less than $25,000. But these changes have been incremental. Top 10 states are not incremental.
Texas, Tennessee and Florida have all eliminated their income tax. Indiana has a flat tax rate of 3.23%. Wisconsin recently had a study commissioned exploring the economic benefits of eliminating their income tax.
Ohio should be the first state in the Midwest to ensure workers keep their hard earned wages.
Everyone benefits from being able to keep more of their paycheck, ensuring we can better meet the needs of their families and businesses. Ohio can be a model for the Midwest by adopting bold tax and spending reforms that will help individuals, families, and businesses thrive.