Two rather personally significant things happened in 1972; I joined the United States Air Force and the income tax became law in the state of Ohio. Now don’t run and hide. This won’t be a tax lecture. It’s just a simple observation.
Governor John Kasich said he plans to propose a cut in income tax rates in the Buckeye State. That simply doesn’t go far enough.
In Texas we had a choice. I could choose my home of record, Ohio, to be a resident or I could make Texas my home since we physically lived there. The Lone Star State had no income tax so why would we want to lay out good money to Ohio, a state where I didn’t even reside? That choice was a simple one.
Texas is still attracting new residents and business today as one of those states that still don’t rob citizens of their hard earned money in the form of a state tax. Ohio, still suffering and trying to figure a way out, keeps that monetary grip on residents. And you wonder why Texas is growing and Ohio is struggling?
Texas does have a higher sales tax on goods and services, as it should be. The philosophy that if you use it, you pay for it is a good one; and a fair one. It’s an across the board tax that doesn’t favor rich or poor and lets you decide how much you want to spend in taxes. If you’re prosperous and want to enjoy some of the finer things in life, you pay for the privilege in the form of sales taxes.
Likewise, those in the lower income brackets, who should be saving and building a financial future for themselves, will think twice about buying that 60 inch TV they really don’t need and can’t afford; again because of higher sales tax.
If Governor Kasich felt he could count on the support of legislators he would abolish our income tax I’m sure. That will not happen in all likelihood.
Liberals will continue to attempt to punish the “haves” by bringing them relatively closer to the “have-nots.” But all it really does is drive out jobs, drive out business, and pushes them out of the state and into the arms, and state boundaries, of non-income tax states like Texas or Florida.
As long as liberals share Obama’s “spread the wealth” approach to society, socialism has proven to be a failure globally, Ohio will continue to board up shopping centers, factories and homes and Buckeyes will keep vacationing in the more successful states. And who knows, they might eventually get tired of turning their pockets inside out and move there. And the rest of us can just say good-bye; to them and our hard earned dollars here in Ohio!
Mike Scinto is a 37 year veteran talk show host serving locally, statewide and nationally behind the microphone. For the past dozen years he has authored this award-winning column. “Friend” Mike at http://www.facebook.com/mikescintoshow or visit http://mikescintocolumns.blogspot.com.