Report: 64% of R.I.ers getting tax cut, 7% tax increase in 2018

THE 2017 FEDERAL TAX OVERHAUL will give 64.2 percent of Rhode Island taxpayers a cut in their federal taxes, while 7 percent will see an increase in the 2018 tax year.
THE 2017 FEDERAL TAX OVERHAUL will give 64.2 percent of Rhode Island taxpayers a cut in their federal taxes, while 7 percent will see an increase in the 2018 tax year.
PROVIDENCE – Fewer then two-thirds of Rhode Islanders will see a tax cut on their 2018 federal tax bill, according to calculations done by the Tax Policy Center at the Urban Institute and Brookings Institution. Based on the 2017 Tax Cuts and Jobs Act, the report by the Urban Institute and Brookings released Wednesday shows…

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