Income tax repeal: A gift to the wealthiest

Tax changes resulting from a repeal of Ohio's personal income tax, by income distribution, in 2024 income.

ITEP's model uses a definition of income that differs slightly compared to Ohio Adjusted Gross Income. The model includes some taxable income streams and some income streams that are not taxable under Ohio AGI. This is why some residents in the lowest income distribution appear to receive to a tax cut, even though Ohioans making less than $26,050 a year do not pay the state personal income tax.
*Combined, the columns to the right of the red line represent the wealthiest 20%.
Chart: Policy Matters OhioSource: Institute on Taxation and Economic Policy (ITEP)Get the dataCreated with Datawrapper