The General Assembly’s joint Finance, Revenue and Bonding committee observed the 30th anniversary of Connecticut’s state income tax by imposing a new, separate income tax on the state’s top earners. The committee approved a 25-part measure which includes a new “consumption tax” on state residents with federal adjusted gross […]
Connecticut state income tax
Since its inception in 1991, Connecticut’s income tax has been raised four times, new brackets have been added, and the income tax has become the state’s largest source of revenue, projected to bring in $9.4 […]
Connecticut has the second largest tax burden in the United States, according to a new report by the Washington D.C.-based Tax Foundation, which measured the economic impact of taxes on residents in each state as […]
A CT Mirror article published on Nov. 21 pointed out that Connecticut’s income tax was never meant to be temporary, refuting a common talking point employed by lawmakers and political candidates, the public, No Tolls […]
The income tax was supposed to solve Connecticut's fiscal problems, so where did all the money go?
