Rhode Island: Fourth Highest Taxed
“Our People are Taxed Too Highly.”
So said Governor Donald Carcieri during his post State of the State media rounds. And – drum roll, please – the Tax Foundation concurs. For the third year in a row, they ranked Rhode Island fourth highest taxed, state and local combined.
Data source of the Tax Foundation’s analysis: Bureau of Economic Analysis, US Department of Commerce.
In addition to compiling state by state tax rankings, the Tax Foundation is also the organization which calculates Tax Freedom Day. Will Ricci over at Ocean State Republican advises that there is a
refutation rebuttal lame counter analysis of Tax Freedom Day which involves quibbling about the definition of the words “income” and “tax” (shall we add “is”?) and an inexplicable desire to exclude four fifths of tax payers from the calculation.
The Tax Foundation easily exposes the weaknesses of this criticism.