Sunday, June 21, 2009

Flat Tax Costs to You

Here is what the flat tax costs you the local property tax payer. The % is the amount your taxes will need to go up to make-up for the proposed general fund monies no longer to be received. All this for less than 15 wealthy individuals (19 in Newport, 22 in Portsmouth)). End or freeze the flat tax & aid will be restored. Seems like a no-brainer to me. Sorry, this tax NEVER made any sense given R.I. economic position for the past several years.

Our property taxes should be going down, not constantly upward. How much longer before local residents say "No More" & place a good portion of the blame where it should be- the State Lege & the guv. Our tax system needs to be fairer and we should be eliminating breaks which have no proven positive effect to the citizenry- we, the people. Not, we the few.

Middletown: 2.185%

Newport: 2.508%

Little Compton: .951%

Tiverton: 1.753%

Portsmouth: 1.386%
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