TDI Insurance Jump 9.3% Next Year
Temporary Disability Insurance (TDI) program has report that about 400,000 workers in Rhode Island will have to pay up to 9.3 percent more in tax next year under. According by data in Department of Labor and Training, this is percentage gain increase number by inflation around 2 percent. It because the economy rate from average workers has paid not increase enough to cover the tax hike. Compare this year and for next year that in the time forecast on 2011 it will be 1.3 percent, up from 1.2 percent for 2010.
While the tax rate $58,400 for 2011, up from $57,900 for 2010. And for maximum TDI tax will be $759 for 2011, and $695 for 2010, an increase of about $64, or 9.3 percent. For higher income workers will be hit by 9.3-percent and lower-income workers that increase could be around 8.3 percent. It is because tax rate is going up. The reason about increase overall fewer workers contributing to the TDI benefit fund, by given the state’s high rate of unemployment time and another reason. Hopefully it could be that more people are claiming benefits until it proof for next year actually 392,000 workers paid TDI tax last year.