Taxation

Taxes, Wealth, and Recovery

By Justin Katz | August 10, 2009 |

With the reminder that Rhode Island is at the top of the list when it comes to stimulus spending per capita, I thought of a table that I’d seen predicting the years during which each state’s economy would recover to pre-recession employment levels. Curious what it would look like, I added the recovery information to…

Self-Reflective Disproof on the Left

By Justin Katz | August 8, 2009 |

As fun as it may be to roll rhetorical balls down the lane and topple simple propaganda and otherwise erroneous talking points on the Rhode Island left, the state would profit from a more credulous and balanced discourse. Plainly put, Oswald Krell’s supposed proof that “there is no negative correlation” between “high taxes and percentage…

The Other Side’s Frightening Arbitration Numbers and Blindspot on Taxing the Rich

By Justin Katz | August 6, 2009 |

Oh happy day! Patrick Crowley has endeavored to bend numbers to his purpose, once again, and as usual, he seems incognizant of the degree to which his data actually illustrates the problem that he hopes to dismiss as a paranoid fantasy. The fact that he doesn’t provide his source simplifies matters, because we needn’t be…

Pushing It as Only Rhode Island Can

By Justin Katz | August 1, 2009 |

The latest news on the business sales tax front — which isn’t online, because Projo.com is still down — is that Liberty Elm diner has come up with the $5,000 needed to prevent closure, while the Carcieri administration will begin notifying local police about which businesses to keep closed sometime next week. As I suggested…

RI Government Not Alone (for what it’s worth…)

By Marc Comtois | July 31, 2009 |

From Reason: Unlike the federal government, states can’t simply run deficits indefinitely. For that reason, they have a powerful duty to pile up surpluses during fat years, which would allow them to make up the revenue that goes missing during lean years. But for many lawmakers, the future extends only to the next election. So…

There’s an Obvious Solution to the Sales Tax Problem, You Know

By Justin Katz | July 31, 2009 |

Today, we get the advocacy profile — a standard newspaper fare by which readers are made unequivocally aware of the “objective” reporter’s opinion: Inside the Liberty Elm Diner Thursday, the lemonade was cold and the bacon was hot. But the mood hung heavy with a sense of foreboding. Customers who devoured BLTs and pancakes wondered…

Rhody Going After “the Little Guy”

By Marc Comtois | July 30, 2009 |

This ProJo story about RI government going after small businesses for uncollected sales tax caught the attention of the Drudge Report. Great. Li’l Rhody comes shining thru again….. State tax officials have put more than 1,200 businesses across the state on notice this week that they are out of business unless they pay their overdue…

Funding Formula Fallacies, or How Regressive is Rhode Island’s Current Property Tax Structure?

By Carroll Andrew Morse | July 29, 2009 |

Providence City Councilman Terrence Hassett, quoted in a Philip Marcelo Projo article from a week ago Sunday, explained the purpose of an education “funding formula” more directly than most…“There is an ocean of money available for some communities that is not there for poorer urban communities,” says Providence City Councilman Terrence M. Hassett, a Smith…

A More Direct Route to Welfare

By Justin Katz | July 28, 2009 |

Here’s an eye-popper: Josefina Lorenzi, 47, who has been imprisoned since her Dec. 11 arrest last year, was sentenced by Judge William E. Smith in U.S. District Court, according to acting U.S. Attorney Luis M. Matos. Lorenzi pleaded guilty in connection with the scheme that used other names but her home address [to file false…

An Objection to the Notion of “Lost Revenue”

By Justin Katz | July 25, 2009 |

An endorsement of the “Amazon tax” by the left-wing Center on Budget and Policy Priorities has brought the topic back into the news, and while it’s predictable that such a group prioritizes expansion of revenue uber alles, it’s disappointing to see the same principle so thoroughly permeating our government: [Rep. Steven] Costantino [D-Providence] has said…

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