https://rifreedom.org/wp-content/uploads/logo_sail_300x100.png 0 0 RI Center for Freedom https://rifreedom.org/wp-content/uploads/logo_sail_300x100.png RI Center for Freedom2014-05-05 17:01:152014-05-06 14:11:37“How Money Walks” out of the Ocean State
“How Money Walks” out of the Ocean State
Rhode Island needs a major economic boost through a tax cut like reducing the sales tax to 3%!
How Money Walks author, Travis Brown, interviews the Center’s CEO, Mike Stenhouse about how the Center’s sales tax plan might stop the destructive out-migration trend in RI:
According to IRS data compiled by HowMoneyWalks.com:
Between 1992 and 2011:
- Rhode Island lost over $1.8 billion in ANNUAL adjusted gross income due to out-migration
- Providence County alone lost over $1.9 billion in AGI
- Kent and Bristol counties were a minor losers, while Washington and Newport Counties saw gains
Between 1985 and 2011
- the State lost over 43,314 from state-state out-migration
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