Taxes
Breaking Up With the Business Entity Tax
Along with a new year, a new governor, and a new legislative session comes a new attempt — make that new attempts — to wipe the business entity tax off the books. The business entity tax is a $250 tax paid by businesses every two years simply because they, well, ...
Connecticut’s Estate Tax Hurts Every Nutmegger. Ditch it.
The counter-intuitive fact is that Connecticut’s estate tax hurts everyone – and mostly hurts those who depend on state payments, not those who pay the most in taxes. We need to abandon it. Proponents of estate taxes make a number of arguments in its defense. The primary claim made for ...
Cato Study Finds Connecticut Lost $2.6 Billion to Out-Migration in 2016
Connecticut saw a net loss of loss of $2.6 billion to other states in 2016, and those migrating into the state earned only 55 percent of those who left, according to a study from the Cato Institute. The study comes as Connecticut nears an election which is focused heavily on ...
Tax Foundation Finds CT Falling Further into Cellar
Connecticut was ranked 47th out of 50 states for its business tax climate, a drop from 44th last year, in the latest study from the Tax Foundation.
Connecticut to Bond for New Haven Splash Pad after City Gave Out Big Employee Bonuses
Cash strapped New Haven is requesting $217,597 from Connecticut taxpayers for the construction of a splash pad at DeGale Field after the city gave $250,000 in bonuses to 37 management employees.