We need the top 1% to pay their fair share of Ohio Taxes
Ohio has an “upside down” tax system where the average taxpayer pays 60% more of his or her income in state and local taxes than a taxpayer who makes $1 million. See chart below. This unfair tax system is the result of almost annual tax cuts for the wealthy, since 2005. Those cuts allow the taxpayers in the top one percent (making at least $500,000 a year) to pay an average of $40,000 less in state and local taxes while the average wage earner has to pay $10 more. To reduce taxes for the rich, the state has greatly underfunded public schools, healthcare and local government.
To reduce taxes for the rich, the state has greatly underfunded public schools, healthcare and local government. Tax cuts to the wealthy were supposed to spur economic growth. In fact, Ohio has lagged most states in terms of economic growth and job creation.
We need to reverse Ohio’s “upside-down” tax system so that it based on ability to pay and so the state can provide the funding needed for essential services: excellent schools, adequate healthcare and capital improvements at the local level. Those will drive economic growth and job creation, not more tax cuts that mainly benefit the top 1%.