Individual Income Tax
Individual Income Tax
2007 Income Tax Returns By Income Class
A total of 5,503,171 Ohio personal income tax returns were
filed for tax year 2007 (April 15, 2008 filing deadline).
This represented an increase of 2.9 percent from the number
of returns filed the previous year. Total federal adjusted
gross income of approximately $376.0 billion was reported on
the returns, an increase of 10.8 percent from the amount
reported for 2006. The average federal adjusted gross income
per return was $68,327, an increase of 7.7 percent from 2006.
Taxpayers claimed personal exemptions ($1,450 per person)
valued at approximately $15.7 billion, an average of $2,852
per return, or slightly less than two exemptions per return.
Ohio taxable income as reported on the returns was $347.6
billion, an average of $65,619 per return taxable income
greater than zero.
Ohio's graduated income tax rates are applied to the Ohio
taxable income figure to obtain the tax liability before any
credits are calculated. The 2007 tax rates were applied
to segments of taxable income, with a 0.649 percent rate
applied to the first $5,000 of every taxpayer's taxable
income up to a top rate of 6.555 percent on that portion of a
taxpayer's taxable income which exceeded $200,000.
Applying these graduated tax rates to Ohio taxable income for
all taxpayers yielded a figure of about $15.9 billion.
Net tax liability after subtraction of the personal exemption
credit, joint filer credit for two working spouses, senior
citizen credit, and other credits was $9.4 billion.
Because of changes to our data collection techniques,
beginning with the 2005 Y-1 table, we are able to provide
information on a greater number of data elements than in
prior years. We have also collapsed the income
breakouts at the lower levels of income while expanding the
data available at the higher levels of income. Because
of the expanded data, we are only providing the Y-1 table in
Excel format, rather than both that format and
PDF.
All figures shown in table Y-1 were compiled from returns
filed for tax year 2006 with the Ohio Department of Taxation.