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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Bristol Phoenix
Location
Bristol, Rhode Island, United States of America
Date
Mar 04, 1968
Page
4
The piece warns that state and local taxes rise far faster than personal income from 1954 onward. It compares per capita tax collections to income, noting 1964 69 projections show taxes reaching seven times 1929 levels while income grows only 40 percent. It urges taxpayers to lobby legislators for relief.
The plan sets tax rates from 2 percent on $1,000 up to 10 percent on incomes over $50,000. Taxable income is after deductions and allowances. A two-child $7,000 family would pay $97 tax with $36 sales tax save, net $61 more. a $10,000 family would pay $191 tax with $45 save, net $146 more. Singles face higher rates. a $7,000 individual would owe $188 with $390 sales tax save, net $158 more.
The letter argues the state and its pressures exaggerate needs for more funding while inflation raises costs. It warns that a proposed 21.7 percent budget increase, about $38 million, fits luxuries not necessities and urges taxpayers to question if the state truly needs the money.
Rhode Island taxpayers can estimate their 1969 state income tax under Governor Chafee's proposed program. Adjusted gross income reflects income after business expense adjustments, with deductions for itemizing and a $600 exemption each. The plan also lowers sales tax from 5 to 4 percent and offers exemptions equivalent to part of the sales tax, benefiting those with deductions exceeding 10 percent.
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