Connecticut Voices for Children: Lower Than New York’s for Everyone but the Poor
ITEP Work in ActionOne sometimes hears that recent state income tax increases on the rich could cause them to leave Connecticut for New York and points south. Academic research has shown that taxes are simply not a significant factor in families’ moving decisions. Nonetheless, some believe they are, and so it is important for policymakers to understand how much people actually pay in state taxes in Connecticut vs. New York. A close examination of how much people in different income groups pay in taxes reveals that if taxes are really so pivotal, the rich in New York should be moving to Connecticut, while the poor in Connecticut should be moving to New York.