Tax Data Series

Individual Income Tax

Personal Income Tax
1994 Income Tax Returns By Income Class

A total of 4,961,161 Ohio personal income tax returns were filed for tax year 1994 (April 17, 1995 filing deadline). This represented an increase of 1.5 percent from the number of returns filed the previous year. Total federal adjusted gross income of approximately $172.9 billion was reported on the returns, an increase of 5.9 percent over the amount reported for 1993. The average federal adjusted gross income per return was $34,860, an increase of 4.3 percent from 1993. Taxpayers claimed personal exemptions ($650 per taxpayer and each dependent) valued at approximately $6.5 billion, an average of $1,305 per return, or about 2.0 exemptions per return. Ohio taxable income as reported on the returns was $163.4 billion, an average of $32,945 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 1994 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 $6,476.7 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 $5,062.4 million, an increase of 5.4 percent over the previous year's tax liability. The average income tax liability was $1,020.40 per return which was 3.8 percent higher than in 1993.

All figures shown in table Y-1 were compiled from returns filed for tax year 1994 with the Ohio Department of Taxation.