Individual Income Tax
Personal Income Tax
1986 Income Tax Returns By Income Class
A total of 4,229,473 Ohio personal income tax returns were
filed for tax year 1986 (April 15, 1987 filing deadline).
This represented an increase of 3.0 percent from the number
of returns filed the previous year. Total federal adjusted
gross income of approximately $107.6 billion was reported on
the returns, an increase of 9.3 percent over the amount
reported for 1985. The average federal adjusted gross income
per return was $25,436, an increase of 6.2 percent from 1985.
Taxpayers claimed basic personal exemptions ($650 per
taxpayer and each dependent) valued at approximately $6.1
billion, an average of $1,434 per return, or about 2.2
exemptions per return. Ohio taxable income as reported on the
returns was $97.4 billion, an average of $23,030 per return.
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 1986 tax rates were applied to
segments of taxable income, with a 0.855 percent rate applied
to the first $5,000 of every taxpayer's taxable income up to
a top rate of 8.55 percent on that portion of a taxpayer's
taxable income which exceeded $100,000. Applying these
graduated tax rates to Ohio taxable income for all taxpayers
yielded a figure of about $3,672.3 million. Net tax liability
after subtraction of the personal exemption credit, joint
filer credit for two working spouses, senior citizen credit,
and other credits was $3,074.6 million, an increase of 16.4
percent over the previous year's tax liability. The average
income tax liability was $726.95 per return which was 13.0
percent higher than in 1985.
All figures shown in table Y-1 were compiled from returns
filed for tax year 1986 with the Ohio Department of Taxation.