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Home > Blogs > Butler County News and Issues > Archives > 2010 > July > 22 > Entry
Estate tax opponents pass halfway mark in southwest Ohio
Press release from Citizens United to End Ohio’s Estate Tax:
Anyone in Southwest Ohio who has attended a public event over the last few months might have noticed people with clipboards and eye-catching blue shirts emblazoned with “End Ohio’s Estate Tax” requesting signatures from passers-by. These volunteers have been at locations throughout the region, working toward a lofty goal of 40,000 signatures. Dan Regenold, Citizens United to End Ohio’s Estate Tax Southwest Regional Coordinator announced today that the initiative has surpassed the halfway mark of 20,102 signatures. Volunteers donating their time to collect at fairs, festivals, and summer events throughout the seven county region have been a driving force in toppling this important hurdle. The counties of Hamilton, Butler, Warren, Clermont, Brown, Highland and Clinton comprise the Southwest Ohio region and all have made significant contributions on this petition drive. Though elated by the results thus far, Mr. Regenold is hoping that public awareness of this harmful tax will bring additional volunteers and spur the initiative to surpass the goal.
For citizens who are unaware of this effort, Ohio is one of only 20 states that levy an estate tax on the assets of a deceased resident. Ohio’s estate tax is a burden on small businesses, farmers and everyone who saved and invested in hopes of passing their money, which has already been taxed, on to their family. Many successful Ohioans leave the state each year, taking assets and often jobs to more tax friendly states.
Daniel P. Regenold, SW Regional Coordinator said about reaching the half-way point, “The Citizens of Southwest Ohio have really stepped up to try and repeal the worst estate tax in the United States. This unfair tax is hitting hard against middle class homeowners, business people and farmers across the state and is one large reason for an exodus of 500,000 people away from Ohio in the last 10 years. We plan on making this tax go away and we hope the Ohio legislature will help us end this tax and the double taxation of citizens that goes along with it.”
About “End Ohio’s Estate Tax: http://www.endohioestatetax.com
Citizens United to End Ohio’s Estate Tax is a ballot issue political action committee (PAC) formed to manage the initiative campaign. The PAC is registered with the Ohio Secretary of State. Our objective is to enact the proposed law to end Ohio’s estate tax, either by passage of the proposed law by the General Assembly or, if the General Assembly does not pass the proposed law, by the direct vote of Ohioans on a general election ballot issue.
Permalink | Comments (4) | Post your comment | Categories: Statewide issues
Comments
By Bill
July 22, 2010 8:55 PM | Link to this
No one is leaving Ohio because of a modest state estate tax. It’s something like 6% over amounts over $338,000. Boo hoo, rich folks.
By Not Rich and Not paying
July 22, 2010 9:03 PM | Link to this
To Bill, You say boo hoo over 6% over 338k. Well, if I died today, I wouldn’t fall under that category, but I would like to fall in that category one day. The problem with the estate tax is not that its taxing someone, but its because its double taxing. These people have already paid taxes on that income once. By the way, the estate tax starts at 40,000 and its 2%, so it effects everyone.
By Jim L.
July 27, 2010 3:19 PM | Link to this
Generous Bill doesn’t care, but many others do. 6% as a fee for the pleasure of dying an Ohio resident is no bargain. It’s a tax on savings, thrift, hard work and diligence. As a probate and estate lawyer I see it levied on estates that sometimes cannot easily convert their personal or real property assets to cash to pay the bill. They have to borrow or liquidate, causing more tax issues. We should end that tax now. It matters to more people than you would think.
By Machinist
August 2, 2010 11:42 AM | Link to this
Why shouldn’t farmers have to give something back after years of collecting tens of thousands of dollars in farm aid, really welfare for farmers?