Individual Income Tax
Personal Income Tax
1995 Income Tax Returns By Income Class
A total of 5,080,488 Ohio personal income tax returns were
filed for tax year 1995 (April 15, 1996 filing deadline).
This represented an increase of 2.4 percent from the number
of returns filed the previous year. Total federal adjusted
gross income of approximately $187.0 billion was reported on
the returns, an increase of 8.2 percent over the amount
reported for 1994. The average federal adjusted gross income
per return was $36,814, an increase of 5.6 percent from 1994.
Taxpayers claimed personal exemptions ($650 per taxpayer and
each dependent) valued at approximately $6.5 billion, an
average of $1,277 per return, or about 2.0 exemptions per
return. Ohio taxable income as reported on the returns was
$176.8 billion, an average of $34,808 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 1995 tax rates were applied to
segments of taxable income, with a 0.743 percent rate applied
to the first $5,000 of every taxpayer's taxable income up to
a top rate of 7.5 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 $7,187.0 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 $5,547.5 million, an increase of 9.6
percent over the previous year's tax liability. The average
income tax liability was $1,091.93 per return which was 7.0
percent higher than in 1994.
All figures shown in table Y-1 were compiled from returns
filed for tax year 1995 with the Ohio Department of Taxation.