A coalition of public sector unions in Connecticut are running advertisements on television and social media calling for increasing taxes on the wealthy and list off the names of Connecticut’s billionaires they feel should be targeted. The ads come just two months after state employees received a second 3.5 percent ...
Connecticut’s Taxes and Fees
You heard it first on WTIC 1080 with Jim Vicevich!
Here is the brand new publication from the Yankee Institute for Public Policy – the list of all of Connecticut’s 306 revenue streams for Fiscal Year 2008.
Download the complete list now!
Connecticut collected revenue from 306 sources in FY2008. You already know about the big ones, like the Income Tax (but do you really know who pays the Income Tax? Find out now), the Estate Tax, the cigarette tax, or gas taxes.
But you probably haven’t heard that licensing fees for electricians brings in $1.1 million. Taxes on horse racing brought in $4.6 million. And these are just the tip of the iceberg.
If Connecticut eliminated 200 of the 306 revenue sources, fee payers would save $38 million at very minimal loss to the state. There is no estimate on how much it costs to administer and collect these fees.
Join the Yankee Institute’s membership now and spread the word about our list.
Connecticut homeowners pay 20 percent more in property taxes than residents of its nearest neighbors, even as home values in the Nutmeg State have declined, according to a new study released Wednesday. “As a percentage of housing value, Connecticut homeowners now pay 20 percent more than New Yorkers and almost ...