Viewing a single comment thread. View all comments

wenestvedt t1_j4v3qdw wrote

Reply to comment by degggendorf in State of the State address by FlashbackBob

> Why even bother lowering the sales tax rate? I'm certainly not going to notice saving 0.15%, but the state will feel the hit in aggregate.

I believe there is an expectation that some shoppers went to Mass. for a lower rate, and that those shoppers will come back to RI when the rates match. The tax rate would be lower, but an overall increase in shopping tranactions should ultimately boost the annual total taxes collected.

But that's just my guess. *shrug*

6

degggendorf t1_j4v9f05 wrote

Oh good call, yeah that would make sense.

Still makes me wonder what people think their time and gas are worth 0.15%, but to each their own...

8