The proposed legislation takes an important step in decreasing the regressivity and increasing the fairness of Rhode Island’s tax structure by adding one new personal income tax bracket, affecting only households in the top 1%, with adjusted gross incomes above $475,000.
Adding this one bracket would raise an estimated $128.2 million in revenue and would impact no Rhode Islanders outside of the top 1 percent of taxable income earners, those earning well above $1 million per year on average.
News & Social Media
Fleming & Associates poll shows 67% of RIers support Revenue for RI’s proposal
Senate Finance Chair William Conley discusses our proposal with Dan Yorke on WPRO Radio
Senate Finance Chair William Conley discusses our proposal on Dan Yorke State Of Mind
Proposed Legislation Looks to Raise Taxes on RI’s Highest Earners
Labor-backed coalition calls for raising income tax on affluent Rhode Islanders