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The Sound of Ideas

Axing the Estate Tax?

Posted Wednesday, February 9, 2011

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Axing the Estate Tax? When someone dies in Ohio, a six percent tax kicks in for if their estate is valued at $338,000 and anything valued over $500,000 is taxed at seven percent. The new Republican majority in the Ohio legislature says the estate tax should meet the ax: It hurts Ohio's competitiveness because thirty states have no tax and those that do have much higher thresholds to trigger the tax. But in a time of financial woe, is it a smart to scrap a tax that generates $334 million, most of it going to local communities? We'll discuss the pros and cons tomorrow at 9 on 90.3.




State Rep. Jay Hottinger, 71st District
Mayor Earl Leiken, Shaker Heights
Mayor Lynn McGill, Aurora
Karin Maloney Stifler, Certified Financial Planner

Additional Information

Ohio Department of Taxation Estate Tax
GOP effort to repeal Ohio estate tax raises debate

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