With Tax Day looming large and sweeping tax reform passed in recent months, WalletHub released its 2019 Taxpayer Survey as well as its yearly Tax Rates by State report and accompanying videos in order to help people better understand this confusing time of year. You can find highlights from both below.
Tax Rates in Ohio (1=Lowest; 25=Avg.):
43rd – Overall Effective State & Local Tax Rate
44th – Income Tax
39th – Real-Estate Tax
1st – Vehicle Property Tax
32nd – Sales & Excise Taxes
2019 Taxpayer Survey
Fewer than 4 in 10 people are happy with President Trump’s tax reforms. 70% think they benefit the rich more than the middle class.
89% of people think the government currently does not spend their tax dollars wisely.
31% of people say making a math mistake is their biggest Tax Day fear, edging out not having enough money (28%) at the top of the list.
36% of people would move to a different country for a tax-free future. 24% would get an “IRS” tattoo and 15% would take a vow of celibacy.
You can read the whole report by using the link below.