If you are a resident or nonresident of Rhode Island and receive taxable income individually from property owned or business transacted in Rhode Island, you are subject to tax on net income. Therefore, if you are operating your business as an S corporation, partnership, limited liability company, or sole proprietorship, you will be subject to a personal income tax on your business income that passes through to you.
The following marginal tax rates and income brackets apply for 2009 (they are subject to adjustment annually):
| Single Individuals |
| Taxable Income |
Amount of Tax |
| Up to $33,950 |
3.75% of taxable income |
| Over $33,950 to $82,250 |
7% minus $1,103.37 |
| Over $82,250 to $171,550 |
7.75% minus $1,720.25 |
| Over $171,550 to $372,950 |
9% minus $3,864.62 |
| Over $372,950 |
9.9% minus $7,221.17 |
| Married Filing Jointly and Qualifying Widow(er) |
| Taxable Income |
Amount of Tax |
| Up to $56,700 |
3.75% of taxable income |
| Over $56,700 to $137,050 |
7% minus $1,842.75 |
| Over $137,050 to $208,850 |
7.75% minus $2,870.63 |
| Over $208,850 to $372,950 |
9% minus $5,481.25 |
| Over $372,950 |
9.9% minus $8,837.80 |
| Married Filing Separately |
| Taxable Income |
Amount of Tax |
| Up to $28,350 |
3.75% of taxable income |
| Over $28,350 to $68,525 |
7% minus $921.37 |
| Over $68,525 to $104,425 |
7.75% minus $1,435.31 |
| Over $104,425 to $186,475 |
9% minus $2,740.62 |
| Over $186,475 |
9.9% minus $4,418.90 |
| Heads of Households |
| Taxable Income |
Amount of Tax |
| Up to $45,500 |
3.75% of taxable income |
| Over $45,500 to $117,450 |
7% minus $1,478.75 |
| Over $117,450 to $190,200 |
7.75% minus $2,359.62 |
| Over $190,200 to $372,950 |
9% minus $4,737.12 |
| Over $372,950 |
9.9% minus $8,093.67 |