How Vivek Ramaswamy's Well-Timed Ohio Move Likely Saved Him $12 Million In Taxes
Forbes · Published on October 16, 2026
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In case you haven’t heard, Vivek Ramaswamy wants Ohio to stop taxing capital gains. The Republican candidate for governor has made the proposal his opening salvo in a larger tax-cutting agenda: eliminate Ohio taxes on capital gains beginning next year, then phase out the state income tax altogether over the next decade. “If we do it,” he said last year, “founders will flock to Ohio in droves.” Ramaswamy would know: His own move from New York to the state of Ohio in late 2019 came just before one of the largest windfalls of his career, likely saving him millions of dollars in state and municipal taxes, according to CPAs, tax lawyers and tax professionals who reviewed publicly available information about the matter. Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2026/10/02/how-vivek-ramaswamys-well-timed-ohio-move-likely-saved-him-12-million-in-taxes/ Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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