The Flat Tax Causing Steep Decline in Revenue

February 03, 2010

Over the past decade, Rhode Island has given up hundreds of millions of dollars in revenue through a variety of tax breaks of questionable value to the economy. The “flat tax” is one example of a tax break enacted in recent years that is costing the state tens of millions of dollars in forgone revenue. It has no documented benefit to the state’s economy and benefits a small number of high income households.

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