With the extended July 15 tax deadline quickly approaching, HowMuch.net has produced this infographic examining the federal-state income tax burden faced by median income earners in all 50 states. The study found Ohio had the fifth-lowest combined income tax burden, with 18% taken from the paychecks of those earning the state’s median income of $54,533 (based on 2018 U.S. Census data). That’s compared to a tax rate of more than 25% in Maryland and nearly 27% in Hawaii.
The Buckeye State did not fare nearly as well in another tax study released this week. WalletHub.com found Ohio to have the nation’s 12th highest overall tax burden after factoring the main three types of state taxes — property taxes, individual income taxes, and sales and excise taxes — as a share of total personal income. 6/24/2020