Defeat of OH Issue 2 Means $1,468 More Per Taxpayer By 2015

Matt Mayer of the Buckeye Institute has done the math on what a defeat of Issue 2 will cost Ohio’s taxpayers. Turns out it will cost taxpayers $1,468 more a year by 2015.

Mayer made a simple calculation by taking the $8 billion tax hike that a defeat of Issue 2 will usher in by 2015 and dividing that by the 5,448, 500 state tax returns filed in Ohio. He also took the initial $1.4 billion tax hike that will result if the unions win on Tuesday and found that each taxpayer will be stuck with an immediate $257 more in taxes next year.

The annual savings we calculated from SB5 once all contracts are negotiated would be nearly $1.4 billion per year (for details, see www.buckeyeinstitute.org/getthefacts).

In 2007, Ohio had 5,448,500 [tax] returns filed, so that would equate to a “tax” of $257 per return… That is [merely] the savings from SB5 enactment.

An additional wrinkle is that Big Labor/Democrats have essentially gone all in on higher taxes; meaning, if SB5 is repealed, that removes one option to reducing local government costs, which leaves two options–program/staff cuts and/or raising taxes… For example, Ohio’s 613 school districts currently project a collective deficit by 2015 of [approximately $8 billion]…

[Thus, without] SB5, taxes will have to go up … [at least] $8 billion just for [Ohio’s] 613 school districts by 2015, which is $1,468 per return.

So, Ohio, you have a choice. Vote Issue 2 down and stick yourself with needlessly higher taxes and give unions the ability to stick it to you further, or give your legislature — not union bosses — the power to control your state’s budget like they should.

Warner Todd Huston

Warner Todd Huston is a Chicago-based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as Andrew Breitbart's BigGovernment.com, BigJournalsim.com and all Breitbart News' other sites, RightWingNews.com, CanadaFreePress.com, and many, many others. Additionally, he has been a frequent guest on talk-radio programs across the country to discuss his opinion editorials and current events as well as appearing on TV networks such as CNN, Fox News, Fox Business Network, and various Chicago-based news programs. He has also written for several history magazines and appears in the book "Americans on Politics, Policy and Pop Culture" which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston and follow him on Twitter, on Google Plus , and Facebook.

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