Taxation
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…
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…
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…
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…
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…
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…
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…
A special interest coalition advocates for “Revenue for Rhode Island” via a slick mailer with quite the set up and pitch.
According to the Tax Foundation’s relevant tax map, government entities in Rhode Island collect the equivalent of $2,431 from every man, woman, and child in the state in property taxes. Of course, many of those men, women, and children live on the same property (and some have more than one), so the per family amount is…
As, essentially, the chief lobbyist for Rhode Island’s school committees, Timothy Duffy has an obvious angle he’ll take on behalf of his members. In a recent op-ed in the Providence Journal, for example, he calls for Rhode Islanders to amend our state constitution to make “equal education” a constitutional right. Readers can get a sense of…
