An analysis by the Institute of Taxation and Economic Policy (ITEP) of Washington, D.C. found that adjusting top rates to the levels in the table below would impact only two percent of state taxpayers, generate $300 million in state revenue, enable taxpayers with increased state taxes to deduct $114 million from federal tax returns, leaving only $186 million borne by Connecticut taxpayers.
March 18, 2015
Connecticut Voices for Children: Funding Our Future: Child and Family Friendly Revenue Options
Institute on Taxation
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