Map: Rhode Island posts 63% jump in upper-income taxpayersJune 7th, 2012 at 5:00 am by Ted Nesi under Nesi's Notes, On the Main Site
This is interesting, and perhaps surprising: The Tax Foundation reports Rhode Island posted the 18th-fastest growth in high-income taxpayers between 1999 and 2009.
While the total number of Rhode Island taxpayers grew by just 4% during that period, the number with adjusted gross incomes above $200,000 jumped 63%, for a net gain of 58.9% at the top end, the biggest in New England. Nationally, the growth rates ranged from 137% in North Dakota to 18% in last-place Michigan.
“The $200,000 threshold is in nominal dollars, so all states will have had considerable growth, but the differences between the states demonstrate that certain states have had much stronger increases in wealthy taxpayers than others,” The Tax Foundation’s Nick Kasprak writes. Take a look: