Tuesday, February 06, 2007

Editorials | Rhode Island news | projo.com | The Providence Journal-Charitable conundrum

Editorials | Rhode Island news | projo.com | The Providence Journal: "The opening years of the 21st Century have not been happy ones for many nonprofits in Rhode Island. High taxes have driven many rich people away from the state, for at least more than half of the year, and with them went the charitable dollars that are crucial to helping our neediest citizens and maintaining the region’s quality of life.

Matters were made worse by a 2001 state Supreme Court ruling that found that charitable giving could be used to determine residency for tax purposes. Since then, accountants have been advising their clients who live more than six months of the year in Florida or other low-tax states: If you don’t want to be taxed as if you live in Rhode Island, don’t give a cent here."

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