Rhode Island ranks 11th nationally in state and local tax burden as a percentage of personal income, driven in large measure by the state’s property tax levels, according to a state analysis of U.S. Census Bureau data for fiscal year 2006.
The report, released last week by the R.I. Department of Revenue’s Office of Revenue Analysis (ORA) ranks Massachusetts 37th highest and Connecticut 20th.
While $119.79 of every $1,000 of personal income went to the state and municipalities through income, property and sales taxes (including state and local corporate income taxes), the taxes that ranked the state the highest relative to the rest of the nation were property taxes. As a percentage of $1,000 of personal income, property taxes yielded $48.32 for the government, putting Rhode Island at sixth place in the nation. That compares with $37.36 in Massachusetts (17th place) and $43.76 in Connecticut (eighth place).
State and local individual income tax collected 2.61 percent of personal income, putting R.I. 24th nationwide.
General sales taxes took $21.87 of every $1,000 of personal income in Rhode Island, good for 38th place.
In state and local corporate income taxes, Rhode Island ranked 28th, with $4.35 of every $1,000 in personal income allocated to the government. •
A longer version of this article appeared in the online edition of Providence Business News (READ MORE).
Seifert Systems Invests in Energy Efficiency to Strengthen Operations
For manufacturers, energy is more than just another operating expense. It plays a critical role…
Learn More
