Ohio one of the most impacted states by Trump tax reform

March 28--A new report out today has found that Ohio is one of the states most affected by President Donald Trump's tax reform law.

Ohio is the seventh most impacted state by the tax reform that took effect this year, according to the report from personal finance website WalletHub.

Alaska was found to have been the most affected state by tax reform, while Alabama came in at No. 2 and Tennessee came in at No. 3. The state of Arkansas edged out Ohio for the No. 6 spot, the study shows.

Ohio's high income families were some of the people who benefited the most from the tax cuts, according to WalletHub. Out of the entire country, the report ranked Ohio's high earners as being the fifth most benefited by tax reform.

To calculate the rankings, WalletHub estimated the average tax changes for families at the income levels ranging from $25,000 to $150,000 across each state and Washington, D.C.

Below is a list of the most and least impacted states by the tax reform.

Most affected states

1. Alaska

2. Alabama

3. Tennessee

4. Washington, D.C.

5. Nevada

Least affected states

1. West Virginia

2. Connecticut

3. New York

4. Maryland

5. New Jersey

Source: WalletHub

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