Should Rhode Island Eliminate the Sales Tax?
Rep. Jan Malik of Warren and Barrington has filed a bill to end the 7-percent sales tax in Rhode Island.
Massachusetts is considering lowering its 6.25 percent sales tax to 4.5 percent. Should Rhode Island respond and eliminate sales tax to keep small businesses competitive? Tell us what you think in the comments section. At least one lawmaker says the answer to that question is 'yes.' Saying it is “about time we had a dialogue on this,” Rep. Jan P. Malik (D-Dist. 67, Barrington, Warren) has introduced legislation to eliminate the Rhode Island sales tax. The bill, 2013-H 5365, calls for the end of the sales tax effective October 1 of this year. The bill provides that, as of that date, all regulations relating to the collection of sales tax and enforcement of collections will sunset and, further, that as of October 1, the local meals and…
Manifold Witness
12:14 pm on Saturday, February 16, 2013
Can Representative Malik please show us some math on this? To start the discussion. The theory is that sales will go up enough to create enough jobs to add additional state income taxes to make up the $900,000,000 a year in tax revenue that the sales tax generates to the state. Okay. From the employer’s standpoint- How much more in sales will be generated? And where is the break point for hiring … more ›