The total tax revenue that the State of Rhode Island has received for the fiscal year continued to beat estimates in January, by $57 million (3.6%), but it would be premature to infer either strong economic growth or the disappearance of the deficit expected for fiscal 2013.
Other New England states fare almost as poorly as Rhode Island when it comes to taxation, but residents seem more often to get some value for their money.
With one exception, studies of national business friendliness put Rhode Island in the bottom 10 (most frequently in the bottom three).
Early results an increase of the top British income tax rate raise questions about the strategy. A tax increase shouldn’t result in level tax revenue, let alone decreased tax revenue
If the system that brought us to our current state of inequality is the “fool me once,” increasing taxes across the board would be “fool me squared.”