From the daily archives: Monday, February 11, 2013

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” […]

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