Greg Landsman, the five-year Democratic Cincinnati City councilman vying for Congress against Steve Chabot (R-OH-1), is running a television advertisement contending that he cut taxes while Chabot raised them.
The facts suggest otherwise.
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A lawmaker wants Ohio college graduates to put their degrees to work in the state, and he wants to eliminate state income taxes for three years for those who take a full-time job in Ohio.
Rep. Jon Cross, R-Kenton, also wants more out-of-state students to choose higher education in Ohio by offering 100 merit-based scholarships to the top students in other states.
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In the mood for a depressing statistic? A new report from the financial services firm Self concludes that the average American will pay an astounding $525,037 in taxes over their lifetime—roughly 34 percent of their lifetime earnings.
But the numbers aren’t uniform across the country; they vary wildly from state to state. Based on taxes on earnings, spending, property, and cars, here are the 10 states where residents pay the highest taxes over a lifetime.
1. New Jersey
Topping the list is New Jersey, where residents will, on average, owe an astounding $932,000 in taxes over their lifetime. That’s nearly 50 percent of their typical lifetime earnings!
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A new report reveals that Nike is one of over two dozen corporations that have not paid any federal income taxes since 2018, as reported by Breitbart.
The report comes from the Institute on Taxation and Economic Policy, which shows that at least 55 of the biggest companies in America did not pay any federal income taxes in the year 2020. Of those 55, 26 have not paid this tax since 2018. This means that a collective total of approximately $8.5 billion was not paid last year, with the 55 companies instead receiving approximately $40.5 billion in pre-tax income.
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Like Mary Lightbody, who we introduced to you last month, Ohio House Democrat candidate Allison Russo wants to raise taxes on Ohioans. And like Lightbody, Allison Russo recently let slip in a public forum that she likely wants to raise state income taxes, especially income taxes on small businesses. Russo,…
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