Thursday, May 22, 2008

Ohio village implements a windfall-profits income tax

Or they'd like to, anyway.

A small Ohio town is proposing a retroactive income tax, to ensure they get a share of a winning lottery ticket sold in that town, presumably to a resident:

Officials in the southwest Ohio village of Amelia say they are resisting the urge to quickly pass a local income tax to get a share of the $196 million lottery ticket that was sold there.

The windfall could mean more than $1 million to the struggling village of about 4,000 people east of Cincinnati.

Pathetic. Had they considered just asking the winner to endow a civic-improvement foundation with some of his/her money?

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