Ohio's Big Businesses Beating Tax System
Posted June 08, 2003 in Press Releases
Budget bill does little to close loopholes and ease burden on workers, some critics say
Why are so many Ohio corporations paying so little tax?
That's the $64,000 question -- or maybe the $50 question.
Of 101,411 nonfinancial businesses liable for corporate-franchise tax in 2002, 46 percent of them owed the minimum $50, according to the Ohio Department of Taxation.