Why does the Tax Foundation rank Ohio as a high tax burden state?
We respectfully disagree with the Tax Foundation’s characterization of Ohio’s tax burden. The Tax Foundation studies provide additional evidence on Ohio’s noncompetitiveness prior to reform. However, they provide no practical insight into the impacts of the new Ohio tax system. Their studies are looking backwards at the old system and, at best, only reflect the first year’s impact of the reformed system. On a more fundamental basis, the Tax Foundation analysis is not based on actual dollars paid by businesses in state and local taxes. That is, in part, why the top states in the list tend to be states with no individual income taxes and/or no general sales tax. If you are interested in making a capital investment in Ohio, we would recommend that the best way to understand the real impact of Ohio’s tax reform on your bottom line is to request a custom report from the Ohio Department of Development. They will take your projected data and provide an estimated tax figure. You can contact th
