![Tax papers](https://www.uc.edu/news/articles/2024/01/n21222081/jcr:content/image.img.cq5dam.thumbnail.500.500.jpg/1706198944668.jpg)
Fox 19: Ohio lawmakers present plan to eliminate state income tax
UC economist says states without income tax tend to increase taxes elsewhere
Lawmakers’ plans to eliminate Ohio’s income tax by 2030 might not deliver all the benefits that are touted, a University of Cincinnati economics professor told Fox 19.
David Brasington, PhD, James C. and Caroline Kautz Chair in Political Economy and professor of economics
Republican representatives and senators announced plans for legislation that if passed would phase out Ohio’s income tax by the end of the decade. They said the elimination of the tax would encourage businesses and individuals to move to the state.
Currently nine states don’t have an income tax.
“If you look at the states that don’t have an income tax, they tend to have higher property taxes and sales taxes to try to make up for it,” said David Brasington, PhD, the James C. and Caroline Kautz Chair in Political Economy and economics professor in UC’s Carl H. Lindner College of Business.
Some of the fastest growing states in the nation don’t have an income tax, but Brasington said it’s unclear if their growth is because of their lack of income taxes or because of their warmer climates.
“But we don’t have the same mild weather that Texas, Florida and Tennessee do,” he said. “So, it’s unclear if we’d ever be a beneficiary of people fleeing high tax states.”
Featured image at top: Tax papers. Photo/Kelly Sikkema via Unsplash
Impact Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
CINCINNATI ENQUIRER: Colleges Pushing 3-year Degrees
December 7, 2011
Getting students to graduate in three years is on the rise in colleges around Greater Cincinnati and Northern Kentucky.
Carl H. Lindner College of Business Marketing Professor Shares Branding Principles with Doctors
December 15, 2011
UC Department of Radiology seminar highlights importance of branding in the health care sector.
BUSINESS COURIER: Goering s Gift Lets University of Cincinnati Expand Family Biz Efforts
December 15, 2011
Thanks to a $1 million endowed professorship, a gift from John and Gloria Goering, the University of Cincinnati Carl H. Lindner College of Business will add a unique family and private business certificate to its business school curriculum.
Renewed Accreditation for UC's Carl H. Lindner College of Business
January 2, 2012
The AACSB again deems the college a distinguished institution of excellence in business education.
Two UC Carl H. Lindner College of Business Students Nominated for Truman Scholarship
January 4, 2012
Prestigious national award could bring money for higher education.
UC Marketing Students Collaborate for Cincinnati Recreation Commission
January 8, 2012
Marketing students from UC Carl H. Lindner College of Business answer call to craft advertising plan.
Cincy Magazine and the UC Carl H. Lindner College of Business Team to Present Power 100 Leadership Forum
January 10, 2012
Inaugural forum hosts powerful business, political and community leaders in Tristate.
UC Graduate Students To Tackle Global Poverty in Case Competition
January 17, 2012
Several top 100 MBA programs the Carl H. Lindner College of Business among them vie for first place in international case competition.
UC Carl H. Lindner College of Business Faculty Earn Leavey Award
January 18, 2012
The pair is among three university faculty to receive national recognition.
The University of Cincinnati Carl H. Lindner College of Business and LUCRUM, Inc. Co-host Quarterly Business Intelligence Symposium Series
January 19, 2012
The University of Cincinnati Carl H. Lindner College of Business has teamed with LÛCRUM, Inc., a leading Data Analytics consulting firm and industry thought leader based in Cincinnati to provide a series of quarterly Business Intelligence (BI) Symposia.