Taxation

A chart of taxes over time

States can use federal stimulus money to cut taxes… if they want to.

By Justin Katz | July 9, 2021 |

That is the conclusion of a federal court ruling in Ohio, although it’s limited to that state, for now.  The following comes from an analysis by Jonathan Adler: The two primary federalism arguments against the Tax Mandate are that a) Congress did not specify the terms of this condition with sufficient clarity (i.e. the condition…

Bankrate's map of best states to retire

RI’s surprisingly good ranking for retirement raises important considerations.

By Justin Katz | July 7, 2021 |

Bankrate has published its “The best and worst states for retirement 2021” and as indicated in the featured image of this post (if you look closely), Rhode Island does pretty… not terribly, coming in at twentieth among the fifty states. As is often the case with these more-broadly-construed rankings, the key conclusions are to be…

Pickpocketing in Oliver Twist

“Tax the rich” often merely means “tax the elderly.”

By Justin Katz | June 15, 2021 |

With inside-government special interests who profit from higher taxes engaging in expensive campaigns to (you guessed it) increase taxes, the Pioneer Institute in Massachusetts makes an important observation: National data from the U.S. Treasury Department show that the majority of taxpayers earning more than $1 million in a year did so only once over a…

Hand throws giant die

If pension obligation bonds worked, governments wouldn’t need taxes.

By Justin Katz | June 10, 2021 |

In another must-read column for the Cranston Herald, Steven Frias applies his historian’s rigor to the step-by-step details of how Woonsocket’s experience with a pension obligation bond (which I mentioned a few weeks ago) managed to make its preexisting pension-fund disaster even worse while giving the two essential elements for a pension obligation bond to…

A man fuels his car

TCI is another area where our politicians are happy to be extremists to the detriment of Rhode Islanders.

By Justin Katz | June 8, 2021 |

Last week, an Australian news source noted how extreme Rhode Island politicians are when it comes to imposing mandates on companies that serve our elderly parents and grandparents.  Connecticut just put a big ol’ circle around another area in which Ocean State politicians are extremists without concern for the average resident, as Douglas Hook reports…

Upward line chart

Taxpayer/voter advocates across RI should prepare to track local budgets very closely.

By Justin Katz | June 8, 2021 |

Over on Tiverton Fact Check, I’ve posted an estimate of the extra revenue the town government may find flooding in over the next year: Along with the increasing cacophony of birds and fireworks, we know we must be well into spring in Tiverton as one hears the familiar calls of the town-government budgeters:  “Raise taxes. We…

A credit card

The average Rhode Island taxpayer’s total debt-on-behalf-of-government is just shy of $900,000.

By Justin Katz | June 5, 2021 |

Here’s an eye-popping bit of information from Mark Tapscott, writing for Epoch Times: America’s national debt now exceeds $123 trillion, according to a new report, or more than four times the official figure of $28 trillion, as calculated by the U.S. Treasury Department at the end of March. Federal spending related to the CCP virus pandemic…

CBO chart on income and taxes

Sheldon Whitehouse’s Twitter posturing on taxes and income is doubly annoying.

By Justin Katz | May 27, 2021 |

Toes tin-ear Sheldon err in not seeing how it appears when somebody of his wealth and tincture talks like this, or does he correctly assess that his base just wants to hear the sweet, sweet sound of agreement? Rising inequality is a threat to the American way of life. We shouldn’t have a structure that…

Map of lifetime taxes by state

What would you do with another $766,521 in retirement if Rhode Island didn’t confiscate it?

By Justin Katz | May 26, 2021 |

That is the amount that Brad Polumbo reports through the Foundation for Economic Education as the lifetime tax bite that makes Rhode Island sixth worst in the country.  Polumbo’s source is a report titled “Life of Tax: What Americans Will Pay in Taxes Over a Lifetime.”  The average for the country overall is $525,037, meaning…

Race-baiting cartoon by Revenue for RI

A Disjointed, Dishonest Pitch to Raise RI’s Income Tax

By Monique Chartier | May 23, 2021 |

A special interest coalition advocates for “Revenue for Rhode Island” via a slick mailer with quite the set up and pitch.

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