moneytalks

I know that this may not be a big deal to a lot of you, especially those who live in areas that already charge tax on groceries. But this is indeed a big deal here in Ohio. As of right now there is no tax on food meant to eat outside of the establishment it is purchased at.

Governor Ted Strickland has asked the Ohio supreme court to over turn a ruling that held up the law prohibiting tax on food. He claims that the new tax, meant to be in full effect by 2010, would generate a whopping 188 million dollars a year in much needed revenue. The problem is that Ohio is the hardest hit area in job loss second to only Michigan. People in Ohio can hardly afford the food bought as of right now, let alone if a new tax is implemented.

As an Ohioan I am eagerly awaiting this decision, for it could be one of the costliest I’ve seen in a long time.

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