Ohio’s High Tax Burden, Poor Business Tax Climate Hurting Economy
The Tax Foundation today released a new Fiscal Fact examining Ohio’s tax climate and its impact on out-migration and income loss from the state. Between 1993 and 2008, the state lost 231,000 taxpayers, more than 105,000 of whom left within the past five years. The state lost $19 billion in adjusted gross income (AGI) from 1993 to 2008.
In the slideshow below, Tax Foundation President Scott Hodge, who authored Tax Foundation Fiscal Fact No. 207, “Ohio’s Poor Tax Climate at the Heart of the State’s Economic and Fiscal Woes,” discusses the need for permanent tax reform in the state.
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