In his first budget Governor Kasich killed Ohio’s Estate Tax which he said was driving wealthy Ohioans to Florida. The tax was applied to estates valued over $338,000 – only about 7% of those in Ohio. The bulk of the tax was paid to local governments and eliminating it removed $250 million a year from local coffers. The effect was felt throughout the state and impacted important public safety services like police and fire.
The Estate Tax typically impacted well-off individuals with high-value estates but this year Kasich plans to institute a whole series of new “service” […]Full Story... →