Investor Presentaiton

Components of Non-Investment Income Wage and salary income tracks RI's economic conditions closely but proprietor's income and retirement income are more volatile. 0.20 0.15 0.10 0.05 0.00 -0.05 A -0.10 1997 1998 RI Coincident Index 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Wage and Salary Income Proprietor's Income Retirement Income September 30, 2013 FTA Revenue Estimation and Tax Research Conference 12

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