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You get to create your business from ideation to turning a profit, and the potential for success in a free market economy is great. According to the U.S. Chamber of Commerce , 50 percent of small ...
The economic development projects represent nearly $300 million in private business investment, and each received the potential for tax breaks based on job creation from the Ohio Tax Credit Authority.
According to the Small Business & Entrepreneurship Council, Ohio's top personal income tax rate ranks #25 as of 2014. [228] The rate has been steadily declining since the 2005 tax reform, dropping from $11,506.20 + 7.5% of excess over $200,000 in 2004 to $8,671.63 + 5.421% of excess over $208,500 in 2013. [229]
Greater Cleveland's economy has shifted to an economy of medicine and health. The two largest employers in Cuyahoga County are Cleveland Clinic and University Hospitals, respectively. Both are major factors in the region's economy. University Hospitals is estimated to have a $7.7 billion impact on Ohio's economy. [11]
But there are both pros and cons to living in a state with certain tax advantages. Pro: You’ll Have To Pay Only Federal Income Tax The top federal income tax bracket is 37%.
Site Selection magazine, a location assistance publication, has awarded the state of Ohio its fourth consecutive Governor's Cup Award for leading the nation in new and expanded facilities in 2009. [3] The "Why Ohio" advertising campaign was noted by the business and advertising communities. [4] Other awards include: The Communicator Awards (2008)
Wyoming doesn’t have a personal income tax or a business income tax, which makes it a business-friendly state. In addition, sales tax is a reasonable 4%, with local taxes that bring the rate up ...
Cuyahoga County had long been led by a three-member Board of County Commissioners, which is the default form of county government in the state. [25] In July 2008, Federal Bureau of Investigation agents began raiding the offices of Cuyahoga County Commissioners and those of a wide range of cities, towns, and villages across Cuyahoga County. The ...
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