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While their arguments are sound, the title said it all: “Trump’s Tax Cuts Were Good. A Flat Tax Would Be Better.” While the flat tax would be far better than current law, we can do better still.
Currently, Ohio taxes anyone earning over $100,000 at 3.5% and those who make between $26,051 and $100,000 at 2.75%. People who make less than $26,051 don't pay income taxes.
The Ohio Senate's proposed two-year budget includes a 2.75% flat tax, projected to cost the state over $1 billion. The Dispatch Editorial Board argue this flat tax is far more harmful than it sounds.
However, proponents, including the Tax Foundation, a center-right nonprofit, suggest that a flat tax could boost wages by 1.4%, add 1.3 million jobs and reduce compliance costs by at least $100 ...
Opponents of Ohio’s proposed flat tax say it will only help the rich. That tired, lazy talking point is wrong. A flat rate will help every Ohioan thrive. Over the last decade, Ohio has reduced ...
Among the new flat tax states in 2025 is Iowa. Under the leadership of Governor Kim Reynolds (R), the Hawkeye State moved from a progressive income tax system with a top rate of 8.98% to a 5.7% ...
Making the Tax Cuts and Jobs Act permanent would be a good start for Congress in 2025. But it’s time to take an even bigger step: creating a simplified flat tax for all. The TCJA got us close to ...
Opponents of Ohio’s proposed flat tax say it will only help the rich. That tired, lazy talking point is wrong. A flat rate will help every Ohioan thrive. Over the last decade, Ohio has reduced ...
The U.S. tax code has become increasingly complex, leading many to rely on software for filing. The author suggests a simpler system: a flat 10% tax on all income, similar to the biblical tithe.
Dozens of other state tax changes took effect in the New Year, including new flat rates on income. Iowa enacted a 3.8% income-tax rate for all—the culmination of Gov. Kim Reynolds ’s six-year ...
While their arguments are sound, the title said it all: “Trump’s Tax Cuts Were Good. A Flat Tax Would Be Better.” While the flat tax would be far better than current law, we can do better still.