Tax Policies Fit Ohioans To A ‘Tea’
Dayton Daily News Independence Day arrives this year amid a welter of changes in national and state tax policy. Who gets taxed how much for what and for how long is in flux in Ohio and across the nation. A 1-cent increase in Ohio s sales tax, for example, kicked in this week. Some consumers […]
Northeast Ohio Pulls Hefty Chunk of Change From Taft’s Third Frontier Project
WCPN Northeast Ohio pulled in a hefty chunk of change this month from Governor Taft’s Third Frontier project-a plan to invest a total of 1-point-6 billion dollars in biotech and high-tech research over the next decade. Seventy four-million dollars was available for this year’s grants…and Northeast Ohio got more than half. The goal of pouring […]
350,000 Ohio Workers Could Lose Overtime Pay Under Bush Plan
Under revised overtime rules proposed by the Bush administration, more than 8 million white collar workers nationally and more than 350,000 in Ohio, including some who earn as little as $22,100 per year, could become ineligible to receive extra pay when they work more than 40 hours a week. This is the conclusion of a […]
Tax Cut Good News For Some, Bad News For Others
Benefit for most workers, business, economy, but not for some with rising pay, investments The Toledo Blade Many thousands of Toledo-area taxpayers will be among 25 million families getting extra mid-year tax refunds starting next month. Full Article
Effect Of Tax Cut Differs From Family To Family
What you earn, what you spend it on are factors Dayton Daily News The new federal tax-cut bill will create a new tax landscape, as states and local communities scramble to fill the holes left by reduced federal spending.
State Official Wants Reform of Laws on Corporate Taxes
Columbus Dispatch Tax Commissioner Thomas M. Zaino knows how companies beat the government out of taxes. He used to help them do it. Zaino, 39, left the private sector — he was a partner in the Columbus office of the PricewaterhouseCoopers accounting firm — to join the Taft administration in 1999. Full Article
Ohio’s Big Businesses Beating Tax System
Budget bill does little to close loopholes and ease burden on workers, some critics say Columbus Dispatch Why are so many Ohio corporations paying so little tax? That’s the $64,000 question — or maybe the $50 question. Of 101,411 nonfinancial businesses liable for corporate-franchise tax in 2002, 46 percent of them owed the minimum $50, according […]
Senate Budget Foes Criticize Plan
Middle-class, poor face more tax burden than rich The Toledo Blade COLUMBUS – The tax burden on the poor and middle-class would increase more than the wealthy and many businesses would get tax breaks in the budget bill that the Ohio Senate approved, opponents said yesterday. Full Article
Incomes Swell For Many Amid Budget Woes
The Toledo Blade COLUMBUS – Five years ago, 19 of Ohio’s 132 state legislators were paid $100,000 or more per year, when their state pay and outside income were tallied. Full Article
Ohio firms could get tax breaks
But individuals may see new taxes in Senate budget plan; schools would loseBy Doug Oplinger and Dennis J. Willard The Akron Beacon Journal COLUMBUS – The Ohio Senate is working on a budget proposal that could raise nearly $2 billion in new taxes and other revenues in 2005 — most of it from individuals — […]
Study Shows Downside of Increase In Sales Tax
Penny-on-dollar boost would stress low, middle income Dayton Daily News COLUMBUS | A penny-on-the-dollar temporary state sales tax increase, the leading contender to raise the extra money needed to balance the new two-year budget, would impose heavier financial burdens on low- and middle-income Ohioans than those at the top of the income ladder, a study released Thursday said. Full Article
Sales Tax Hike Hurts Poor More Than Wealthy, Study Says
Gongwer News Service The temporary one-cent sales tax increase included in the pending state budget bill (HB 95) would increase the sales tax burden on low-income Ohioans by more than five times the increase it imposes on the state’s residents with the highest income, according to a report Policy Matters Ohio released on Thursday. Full […]