Welcome! Login | Register
 

Guest MINDSETTER™ Santos: RhodeWorks Amnesty for East Bay & Aquidneck Island—Guest MINDSETTER™ Santos: RhodeWorks Amnesty for East Bay…

SASHA LIV Brand Set to Launch—BENRUS CEO Feroce Assisting in Launch of SASHA…

Gotham’s Robin Lord Taylor Coming to RI Comic Con 2016—Gotham's Robin Lord Taylor Coming to RI Comic…

New Security Measures Being Taken at Dunkin’ Donuts & RI Convention Centers—New Security Measures Being Taken at Dunkin' Donuts…

GoLocalTV: RI Leaders Show Support for RhodeWorks & Truck Tolls on Tuesday—GoLocalTV: RI Leaders Show Support for RhodeWorks &…

Providence’s Los Andes Named in Yelp’s Top 100 Places to Eat in U.S.—Providence's Los Andes Named in Yelp's Top 100…

Four McGlynn Leads URI Past George Mason, 81-63—Four McGlynn Leads URI Past George Mason, 81-63

Herb Weiss: Presidential Candidates Mum on Social Security—Herb Weiss: Presidential Candidates Mum on Social Security

Guest MINDSETTER™ Forleo: CCRI About to Undergo Political Takeover—Guest MINDSETTER™ Forleo: CCRI About to Undergo Political…

Celtics Host Paul Pierce, Doc Rivers & The LA Clippers Tonight—Celtics Host Paul Pierce, Doc Rivers & The…

 
 

NEW: Study Says Taxes Don’t Drive People to Leave RI

Wednesday, April 13, 2011

 

A new report says that higher taxes do not cause people to leave the state—contradicting claims made by opponents of tax increases.

The report—put out by Jeffrey Thompson a professor at the Political Economy Research Institute at UMass Amherst—says that other factors, mainly employment and family concerns, are what motivate families to make the move. Moreover, Thompson found that when the revenue from tax increases is used to create jobs, the negative impact of the tax is offset by the increase in people moving in-state for those jobs.

So why exactly aren’t those high taxes driving people away? “There are many reasons households do not flee from a state when taxes are increased, including the fact that they value the public services financed by taxes, the cost of relocating to a different state (both financially and psychologically) is quite high, and the potential gains from moving are often small,” Thompson writes in his report.

READ the full report.
READ the section on Rhode Island

If you valued this article, please LIKE GoLocalProv.com on Facebook by clicking HERE.

 

Related Articles

 

Enjoy this post? Share it with others.

 
 
:!