Millionaire Tax in Rhode Island Gets Governor's Support

News January 16, 2026 at 12:03 PM
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What You Need To Know

  • Dan McKee wants to raise the state levy on incomes over $1 million to 8.99%, an increase of three percentage points.
  • Rhode Island’s current top marginal tax rate of 5.99% is the lowest in New England apart from New Hampshire.
  • Boosting that rate to 8.99% would put the state on par with neighboring Massachusetts.

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