TaxesFinding
Rhode Island should raise the income tax rate on income above $1 million a year.
Rhode Island's top state income tax rate is 5.99 percent and applies to all income above a set threshold. This would add a higher rate on the part of a household's income above $1 million.
Helena Foulkes
With the pressure that's going to come from the Trump administration, it may just be that we have to tax the wealthiest in our state more.
using the millionaire's tax to create a revolving fund so that we can get loans out in the market and get more housing produced quicker
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- Verified AI research, accepted by the VoteVera editor on Sep 30, 2026.
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