NEW: Vivek Ramaswamy’s Latest Scammy Proposal Would Net Millions for Himself

NEW: Vivek Ramaswamy's Latest Scammy Proposal Would Net Millions for Himself

June 23, 2026

Columbus, Ohio- New reporting from TiffinOhio.net revealed that Vivek Ramaswamy's scammy plan to eliminate the capital gains tax in Ohio would save him millions of dollars. While working families struggle, Ramaswamy's scam policies would only make him richer.

READ: Ramaswamy wants to end Ohio's capital gains tax, benefiting wealthy residents-and himself

• Vivek Ramaswamy has made eliminating Ohio's tax on capital gains a centerpiece of his campaign for governor. Tax returns the Republican released during his 2023 presidential run show he personally reported roughly $211 million in such gains across two years - the precise category of income his proposal would exempt from state tax.

• The returns, which Ramaswamy made public when he ran for the GOP presidential nomination, report $37 million in capital gains in 2015 and $174.5 million in 2020. Together, the two years total about $211.6 million.

• The Legislative Service Commission, the legislature's nonpartisan research arm, estimated in its fiscal analysis of House Bill 617 that repeal would cost the state between $615 million and $645.6 million in tax year 2027, growing to between $647.8 million and $679.8 million the following year. Capital gains revenue feeds Ohio's General Revenue Fund, which supports public schools, Medicaid and other core services.

• A separate LSC memo obtained by the Statehouse News Bureau found the benefit would be concentrated at the top: 81.6% of it would go to Ohioans earning more than $200,000 a year, while those making under $100,000 - the large majority of the state - would receive 7.3%.

• Against that distribution, Ramaswamy's own filings place him among the Ohioans who would gain the most. Applying the current 2.75% rate to the capital gains reported on his two released returns yields roughly $5.8 million - about $1 million on the 2015 gains and $4.8 million on the 2020 gains. The figure is illustrative: Ohio's rates were higher in 2015 and 2020, so the actual state tax he paid on those gains at the time was larger. It is offered as a measure of the scale of capital gains income the repeal would shield from state tax going forward.

• That income stream has continued. Ramaswamy's financial disclosure filed April 6 with the Ohio Ethics Commission reported more than $1.1 million in dividends and capital gains in 2025, including $768,968 from a single sale of BlackBerry stock - again, the category of income his proposal would exempt.

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