The Buckeyes report for fall camp. We interview Kurt Coleman and Marcus Freemen. Check back on Monday for interviews with Alex Boone and Chris Wells.
Ohio State Taxes – A Synopsis
The State of Ohio, or the Buckeye’s state as it is known, is in the process of cutting its tax rates. In 2005 the top rate of income tax was 7.185%. Now it is 6.87% with further cuts planned until 2009.
There are seven brackets of income tax. On the first 00 of taxable income tax is paid at 0.681%. This increases to 1.361% on incomes between ,001 and ,000. It is 2.722% on taxable income between ,001 and ,000, rising to 3.403% on incomes between ,001 and ,000. On taxable incomes between ,001 and ,000 it is 4.083%. Between ,001 and ,000 it is 4.764%. It is 5.444% on incomes between ,001 and 0,000 and 6.32% on incomes from 0,001 and 0,000. The top rate on incomes over 0,001 and above is 6.87%.
In addition to the state income tax there are local income taxes levied by some municipalities in Ohio.
Income taxes to fund the public education system are levied by some school districts. The
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