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For a sense of perspective, the portion of Cincinnati's earnings tax going to Metro's budget was about 0.3%. On May 14, 2020, Hamilton County voters passed Issue 7, which switches the source of SORTA funding to a sales tax. The sales tax in Hamilton County will be raised to 7.8% and the Cincinnati earnings tax is eliminated.
We rank No. 2 in the state in highest sales tax, only behind the whopping 8.0% in Cuyahoga County (Cleveland). Pain. Pain. Some 81 of the 88 counties have a sales tax rate of 7.25% or lower.
Voters decided last November to sell Cincinnati's city-owned railroad to Norfolk Southern for $1.6 billion. During the campaign, city officials said the sale of the railroad would prevent the need ...
Alabama still taxes groceries, which disproportionately affects minorities and low income families with children, albeit at a rate of 3%, lower than the general sales tax rate. [39] [40] City Tax Rates Montgomery has a total sales tax of 10%, [50] as do Birmingham [51] [52] and Mobile.
After reading the 74-page Cincinnati Futures Commission report filled with recommendations to sell city assets and raise taxes, Cincinnati Mayor Aftab Pureval issued a statement – but didn't say ...
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] Ohio has replaced its corporate income tax with a gross receipts tax called the Commercial Activity Tax (CAT). [ 229 ]
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Because the rate of a sales tax does not change based on a person's income or wealth, sales taxes are generally considered regressive. However, it has been suggested that any regressive effect of a sales tax could be mitigated, e.g., by excluding rent, or by exempting "necessary" items, such as food, clothing and medicines. [21]
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