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Topic: Ohio: Bad for Business  (Read 1965 times)
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« on: November 13, 2006, 11:52:51 AM »
G3Buckeye Offline
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The Tax Foundation presents the 2007 edition of the State Business Tax Climate Index (SBTCI) as a tool for lawmakers, the media, and individuals alike to gauge how their states’ tax systems compare. Policymakers can then use the SBTCI to pinpoint changes to their tax system that will explicitly improve their state’s standing in relation to competing states.

The ten best states in the Tax Foundation’s 2007 State Business Tax Climate Index are as follows:

    1. Wyoming
    2. South Dakota
    3. Alaska
    4. Nevada
    5. Florida
    6. Texas
    7. New Hampshire
    8. Montana
    9. Delaware
    10. Oregon

The ten worst states in the Tax Foundation’s 2007 State Business Tax Climate Index are:

    41. Minnesota
    42. Maine
    43. Iowa
    44. Nebraska
    45. California
    46. Vermont
    47. New York
    48. New Jersey
    49. Ohio
    50. Rhode Island

Full Report
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“To do what ought to be done but what would not have been done unless I did it, I thought to be my duty.”  -- Robert Morrison
« Reply #1 on: November 13, 2006, 04:41:18 PM »
RobertButler Offline
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Watch Out Rhode Island, Here we come!!!

I don't how Ohio Republicans can look at a report like this and still keep voting for their party.
« Last Edit: November 13, 2006, 05:20:34 PM by RobertButler » Logged
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« Reply #2 on: November 13, 2006, 07:04:42 PM »
dain Offline
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I guess they'll just have to hire more illegals!  Better yet, they can move out-of-State and hire illegals!

 
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"Men are qualified for civil liberties in exact proportion to their disposition to put moral chains upon their own appetites....Men of intemperate minds cannot be free." [/i][/font] Edmund Burke
« Reply #3 on: November 13, 2006, 10:45:33 PM »
Credo Offline
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Quote
The Tax Foundation presents the 2007 edition of the State Business Tax Climate Index (SBTCI) as a tool for lawmakers, the media, and individuals alike to gauge how their states’ tax systems compare. Policymakers can then use the SBTCI to pinpoint changes to their tax system that will explicitly improve their state’s standing in relation to competing states.


The ten worst states in the Tax Foundation’s 2007 State Business Tax Climate Index are:

    41. Minnesota
    42. Maine
    43. Iowa
    44. Nebraska
    45. California
    46. Vermont
    47. New York
    48. New Jersey
    49. Ohio
    50. Rhode Island

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IMHO, the biggest pain with Ohio Taxes are Municipal and School District income taxes.  I don't think any other state in the union does it like us.  I know for a fact Virginia's local municipalities do not tax income.

We have 650+ Municipalities and 190 School Districts that tax income.  Just figuring out to who you are liable almost requires a GPS fix on where you live and where you work.
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« Reply #4 on: November 13, 2006, 10:57:55 PM »
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I was poking around to find out which states allow local income taxes.

1) Maryland does but it goes right on the State Income Tax form.

2) NY is the same.  Only 3 localities have an extra tax on income.

Ohio is burdensome because of the sheer number of different taxing jurisdictions.
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« Reply #5 on: November 13, 2006, 10:59:20 PM »
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OBSERVATION:  We have all heard that Ohio needs to "fix" its unconstitutional school funding system, right?  And we all realize that EDUCATION SPENDING is the LARGEST part of the state budget, AND the LARGEST part of everyone's local property tax bill.

PREDICTION:  If Ohio's newly elected leaders' decide that the only "fix" for our school funding system is more revenue (taxes), WITHOUT restraining education spending, Rhode Island will not stand a chance of retaining it's top ranking!

This will NOT be good for businesses or residents in Ohio, will it?  (If not, you may want to ask yourself who it will be good for?!?!)
« Last Edit: November 13, 2006, 11:03:54 PM by Fettucini II » Logged
« Reply #6 on: November 13, 2006, 11:52:32 PM »
RobertButler Offline
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I have duly updated the lpdel.org website to include this latest report.  If you want to see all links to all these statistics visit: lpdel.org

Ohio is rapidly deteriorating: Our best and brightest citizens are compelled by burdensome taxes and regulations to search for economic and social well-being outside our state. We must work together to reduce our dependence on government spending to make Ohio a more prosperous state.

Ohio is at the top of all the worst statistics: 3rd highest local and state taxes in the US, 5th highest Worker’s Compensation Insurance premiums, 6th highest gasoline taxes, 2nd most regulated state for political parties (Louisiana being #1), and 1st in size of local governments.

Ohio is at the bottom of the healthy benchmarks: 47th in population growth, 31st in economic freedom, and 40th in Small Business Survival,the 49th Best State to Open a Business, 50th in its ratio of teachers to administrators in public schools.
 
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In Liberty,

Robert Butler

Chair
Libertarian Party of Delaware County
www.lpdel.org
« Reply #7 on: November 14, 2006, 07:16:54 PM »
Peter Offline
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Okay, guys, I'm moving and renaming the site "Tucson Townhall"
 
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It's the spending, stupid!
« Reply #8 on: November 14, 2006, 07:39:42 PM »
Vocal Observer Offline
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I didn't see Arizona on the list.  Why not move to Laramie?  I hear they have some very profitable markets out in that area...
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The Principle of Subsidiarity
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"peace, commerce, and honest friendship with all nations, entangling alliances with none." - Th. Jefferson

Oh yea... Run Paul Run!
« Reply #9 on: November 14, 2006, 07:41:33 PM »
Peter Offline
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Oops, I read Nevada and though Arizona. Same thing, really.
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It's the spending, stupid!
« Reply #10 on: June 20, 2007, 04:12:28 PM »
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Anyone have a source for the recent announcement that Ohio has lost another 20,000 manufacturing jobs in the last 12 months?
« Last Edit: June 22, 2007, 10:10:41 AM by Counter » Logged
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« Reply #11 on: June 22, 2007, 10:11:43 AM »
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Manufacturing jobs slip from state's grasp
The Business Review (Albany) - 2:53 PM EDT Tuesday, June 19, 2007
New York's manufacturing sector has taken another step backward, losing 16,000 more jobs.
That's the third-biggest decline suffered by any state during the past year, according to a U.S. Bureau of Labor Statistics report released on Tuesday.

New York had 554,100 manufacturing jobs in May 2007, which was 16,000 fewer than its May 2006 total of 570,100.
The only states experiencing sharper losses were Michigan and Ohio, both of which are economically dependent on vehicle production. The problems besetting domestic automakers have severely damaged their economies.
Michigan lost 32,500 manufacturing jobs in the past year, and Ohio lost 20,000.

Only 11 states have posted increases in manufacturing employment since May 2006, led by Washington's gain of 8,100. Other substantial increases were 5,200 in Utah and 3,900 in Kansas.
Four other states joined Michigan, Ohio and New York in losing at least 10,000 manufacturing jobs during the past year: Tennessee, Wisconsin, Pennsylvania and South Carolina.
 
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« Reply #12 on: June 17, 2008, 06:51:02 PM »
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Reagan economic adviser, in talk in Toledo, blames Ohio ills on taxes

By TED FACKLER
BLADE BUSINESS WRITER

If the American economy is to recover, taxes at all levels must be lowered, economist Arthur Laffer told a Toledo audience yesterday.

Mr. Laffer, best known for the Laffer Curve and for advocating so-called supply-side economics during the Reagan administrations, spoke at the Toledo Club to more than 100 clients of Huntington Funds, a subsidiary of Huntington National Bank.

His Laffer Investments Inc. is an adviser to Huntington Macro 100 Funds.

Mr. Laffer said that Ohio's poor economy is a microcosm of the nation's.

"Ohio is not in very good shape. Taxes have gotten totally out of control," he said.

He criticized former Gov. Bob Taft, a Republican, by name for tax boosts that Mr. Laffer said have crippled the state economy.

For 30 years, Mr. Laffer has endorsed the notion that if an economy is to grow, taxes must be eased.

Only when taxes are lowered can businesses make greater profits and subsequently expand operations, provide cheaper products, and hire more employees, he contends.

But the Reagan administrations achieved "revenue enhancements" that Mr. Reagan declined to call taxes. And his administration added billions to the national debt.

Mr. Laffer said last night that for Ohio to regain economic vitality, it must extend tax cuts, continue to ease restrictions on trade, and keep regulations minimal.

"I want nothing more than to come back to Ohio," said Mr. Laffer, a Youngstown native now living in Nashville. "But it's so unfriendly to businesses."

However, many economists, including experts under Mr. Taft and current Gov. Ted Strickland, have said that much of Ohio's current economic problems stem from the decline of the auto industry, with resulting plant closing and layoffs and job cuts.

Mr. Laffer said Ohio's economic woes are not the result of increased outsourcing but rather of high corporate taxes that have given local companies no other option.

He said the North American Free Trade Agreement has been a boon to Ohio. "But," he said, "we commit suicide [by increasing taxes] then blame it on NAFTA."

http://toledoblade.com/apps/pbcs.dll/artic...ESS06/806170401
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We could say [Democrats] spend money like drunken sailors, but that would be unfair to drunken sailors. It would be unfair, because the sailors are spending their own money.  --Ronald Reagan

Al Gore didn't invent the internet, he invented global warming

The welfare of humanity is always the alibi of tyrants - Camus

The person who advocates government planning of the economy always assumes that it is his plan that will be put into effect.  --Hayek
« Reply #13 on: October 13, 2008, 06:52:10 PM »
TonyBlair Offline
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Ohio is the fourth worst state in terms of business tax climate in 2009.

http://www.taxfoundation.org/files/bp58.pdf
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We could say [Democrats] spend money like drunken sailors, but that would be unfair to drunken sailors. It would be unfair, because the sailors are spending their own money.  --Ronald Reagan

Al Gore didn't invent the internet, he invented global warming

The welfare of humanity is always the alibi of tyrants - Camus

The person who advocates government planning of the economy always assumes that it is his plan that will be put into effect.  --Hayek
« Reply #14 on: October 14, 2008, 10:55:55 AM »
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Ohio General Assembly response: "I could be worse!"
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The Principle of Subsidiarity
Repeal the 17th Amendment

"peace, commerce, and honest friendship with all nations, entangling alliances with none." - Th. Jefferson

Oh yea... Run Paul Run!
 
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