NEW REPORT: Vivek Ramaswamy’s Tax on Working Families Could Skyrocket Income, Sales Tax

NEW REPORT: Vivek Ramaswamy's Tax on Working Families Could Skyrocket Income, Sales Tax

February 12, 2026

Columbus, Ohio - New reporting from the Dayton Daily News highlighted how Vivek Ramaswamy's tax on working families could cost hardworking Ohioans by as much as 15% more in income tax and raise prices by 18% on all goods.

On day one of his campaign, billionaire Vivek Ramaswamy vowed to eliminate income and property taxes, which even Mike DeWine said would be "absolutely devastating" for Ohio families. Ramaswamy's high-cost campaign strategy also includes saying Ohioans struggling to make ends meet should just earn more and that rising costs are only in Ohioans' imaginations.

If Ohio replaced property taxes with income taxes, rural Ohioans will be among the hardest hit. Harrison County residents could see their income tax increase as much as 27.01%, while Monroe County residents could see an increase of 26.75% along with an increase of 21.17% for residents of Noble County.

"The cost of living is higher than ever, and Vivek Ramaswamy's tax scheme would fall entirely on Ohio's working families," said Ohio Democratic Party spokeswoman Katie Seewer. "Under Ramaswamy, Ohioans would struggle even more to make ends meet while he cruises above them in his private jet and calls them lazy."

READ: Nixing Ohio property tax could lead to 15% income tax, 18% sales tax

• Kimberly Murnieks, director of the Ohio Office of Budget and Management, said that filling the $24 billion property tax void with income or sales taxes would be "fiscally impractical and economically harmful."
• She wrote income tax rates "would need to quadruple or more reaching 11% to 15%" and the state sales tax would have to increase from 5.75% to 15% to 18% which "is significantly higher than any other state."
• To put things in perspective, the 5.75% rate adds $1,725 to the price of a $30,000 car and $5,400 if the sales tax rate jumped to 18%. For a $1,300 refrigerator, the sales tax would jump from $75 to $234.

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