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 […]
income taxes
A new study released by the Pioneer Institute in Massachusetts has a warning for Massachusetts lawmakers who may consider raising the state’s income tax rate: Don’t be like Connecticut. Connecticut’s Dangerous Game: How the Nation’s […]
Aetna assured Connecticut lawmakers that it will leave most of its employee workforce in Hartford and would only move its top executives to its new location in New York City. But even the loss of the top five executives at the insurance giant will cost Connecticut millions in lost tax revenue.
The five top executives, including CEO Mark Bertolini, earned a combined $49.2 million in 2016, according to Morningstar, a stock-trading and investment research company.
