Connecticut
Frederick News Post: Huntin’ millionaires
January 4, 2013
(PDF of Original Post) Elizabeth Marsh Cupino Originally published December 10, 2009 Set up a roadblock. Put out an APB. Maryland’s comptroller has reported that the number of millionaires in the state dropped by 30 percent in 2008 and that some wealthy residents might be trying to make a break for it. We can’t have […]
Tri-Parish Times: Will Jindal go for more sin taxes?
January 4, 2013
(PDF of Original Post) By TOM ASWELL During the 1988 presidential race, Vice President George H.W. Bush proclaimed, “Read my lips: no new taxes!” That famous line helped him defeat Michael Dukakis but when he was forced to back-track on that promise, it was his eventual undoing. Bill Clinton’s own pithy campaign slogan “It’s the […]
CT News Junkie: Connecticut’s Budget Crisis – Let’s talk ‘Tax Burden’
January 3, 2013
(Original Post) by Jonathan Pelto | Jan 8, 2010 3:58pm While political developments dominate Connecticut’s news, the state’s budget crisis continues to deteriorate. Faced with a half a billion dollar deficit (and growing) in this fiscal year, and what could be well over a billion dollar state deficit next year and at least a $3.5 […]
Hartford Courant: Rich or Poor? Either Way, Someone’s Going to Be Taxed
January 3, 2013
(PDF of Original Post) By WILLIAM CIBES March 7, 2010 Anatole France observed that “The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.” If only the law, in its majestic equality, also asked the rich, as well as the […]
Hartford Courant: State Tax Exemptions In The Cross Hairs
January 3, 2013
(PDF of Original Post) By CHRISTOPHER KEATING, [email protected] The Hartford Courant 7:00 PM EST, January 26, 2011 HARTFORD — In flush economic times, the legislature could leave untouched the huge number of exemptions from the state’s 6 percent sales tax: haircuts, prescription drugs, boat repairs, car washes, and food purchased at supermarkets, to name a […]
New Haven Advocate: What’s happening with the state sales tax?
January 3, 2013
(PDF of Original Post) Written by Betsy YaglaWednesday, March 16, 2011 8:05am – Last Updated Tuesday, March 15, 2011 5:11pm If Gov. Dannel Malloy has his way, next year’s haircuts and yoga classes will cost you 6.35 percent more. That’s because he’s proposed adding these and other services to the list of items that Connecticut […]
Hartford Courant: State Taxes A Good Deal For Residents
January 3, 2013
(PDF of Original Post) By JOACHIM HERO The Hartford Courant April 26, 2011 Income tax filing day has just passed, which generates the usual talk about how much we pay. We can expect tea party followers to hold rallies that focus on what they pay and how much they dislike paying it, instead of all […]
Connecticut Post: GE tax issue still rages on
January 3, 2013
(PDF of Original Post) Rob Varnon, Staff Writer Updated 07:24 p.m., Tuesday, April 26, 2011 General Electric Co.’s tax bill is not a joke among constituents, U.S. Rep. Jim Himes, D-Conn., told the Stamford Advocate, but he said it’s Congress’ fault for not plugging the loopholes in the federal tax system. “Should they be paying […]
Stamford Advocate: Grandfather knew: The rich can afford higher taxes
January 3, 2013
(PDF of Original Post) Published 09:25 p.m., Thursday, May 19, 2011 In the mid-1950s, my grandfather told the Buffalo Evening News he didn’t mind paying taxes. He considered it “the rent I pay for the privilege of living in this country.” The quote was in a profile published because he ran a large local business. […]
Oregonian: TAXING THE RICH It’s not class warfare, it’s just common sense
December 21, 2012
(Original Post) The Sunday Oregonian (Portland, Oregon) September 20, 2009 SundaySunrise Edition TAXING THE RICH It’s not class warfare, it’s just common sense NEAL PEIRCE In a dramatic break from tax trends of recent decades, eight states have voted this year to push up the percentages of income that their wealthiest citizens must pay. Connecticut […]
New Haven Advocate: Connecticut Can Still Raise Taxes on the Rich, Even if Washington Doesn’t
December 21, 2012
Original Post By Mark EnglerMay 24, 2011 In 2009, when then-New York Gov. David Paterson signed a temporary tax increase on the state’s wealthiest individuals — one of the so-called “millionaire’s taxes” that have passed in recent years in select states across the country — at least one multimillionaire was not happy. Rush Limbaugh proclaimed […]
New Haven Advocate: Despite New Law, Poor Still F-ed, Rich Still Whining
December 21, 2012
NB: CTJ Modified the original story’s title, which can be found in the original article at the URL below. Original Post by Win Vitkowsky August 2, 2011 Connecticut’s wealthiest 1 percent still get a sweet deal on taxes, while the poorest 20 percent get screwed, according to a report released last month by CT Voices […]
The Courier-Journal: Study names Yum! Brands among companies “dodging” state taxes
December 19, 2012
(Original Post) Posted on December 9, 2011 by Chris Otts A new report names Louisville-based Yum! Brands as one of 68 Fortune 500 companies that paid no state corporate income taxes in at least one year between 2008-2010, despite earning profits for shareholders. The report doesn’t say that Yum! has been shorting the state of […]
Connecticut Voices for Children: Taking Stock: Four Decades of State Revenues, Expenditures, and Deficits
December 17, 2012
This report puts Connecticut’s budget in perspective. It compares our response to the current downturn with our reaction to the previous two, it assesses the impact of recent changes on the progressivity of our tax code, and it places our current expenditures and taxes in historical context. Taking this broad view yields a set of […]
Connecticut Voices for Children: Making Sense of the Rankings: Where Connecticut Stands on Business Taxes
December 17, 2012
In recent months, there has been a steady stream of reports about state business taxation. The Council on State Taxation (COST), a trade association of large corporations, released its annual ranking of state and local business taxes, naming Connecticut the lowest-tax state in America. Then, Good Jobs First graded states on accountability provisions in their […]
International Business Times: GE Taxes Again Under Scrutiny: Only 2.3% Paid Over 10 Years, Group Says
December 17, 2012
(Original Post) By Ashley Portero February 29, 2012 1:30 PM EST General Electric Co. (NYSE: GE) again stands accused of employing tax-dodging techniques to avoid paying a fair rate of income tax. In a dispute that crystallizes the politically charged debate over corporate taxes, GE is again the focus of criticism from Citizens for Tax […]
Journal News: Gas taxes fail in their purpose
December 17, 2012
11:02 PM, Mar. 19, 2012 Written by A Journal News editorial Sunday’s report on gas taxes in New York helps codify the pain and anguish so many New Yorkers feel when they so much as drive by a gas station in the Empire State. “It’s outrageous,” declared Stephen Lester, whose quest for cheaper gas takes […]
Cincinnati Enquirer: Will lower income tax bring jobs to Ohio?
December 17, 2012
(Original Post) Kasich thinks so, but our taxes aren’t really so high8:02 AM, Mar. 22, 2012 Written by Paul E. Kostyu COLUMBUS — Lower Ohio’s burdensome personal income taxes. Create jobs. That’s what Gov. John Kasich proposed last week in an expansive plan to reform government and improve the state’s economy. Kasich said Ohio’s income […]
Greenwich Times: ‘Buffet Rule’ would hit Connecticut hard
December 17, 2012
(Original Post) Charles J. LewisPublished 06:18 p.m., Saturday, April 14, 2012 WASHINGTON — Many well-heeled Connecticut taxpayers are likely to pay close attention to how the state’s two senators vote Monday when the U.S. Senate considers the “Buffet Rule,” President Barack Obama’s bid to raise taxes on millionaires. Senators will take up legislation, dubbed the […]
Connecticut News Junkie: Taxes Build Our State and Nation
December 17, 2012
(Original Post) by Wade Gibson | Apr 16, 2012 9:55am For Easter, my friend and I traveled from Connecticut to visit family down in Texas, a distance of nearly 2,000 miles. Two centuries ago, our journey would have taken months by land; a sailboat would have hastened our trip, although we would have feared pirates […]
Connecticut
July 25, 2012 • By ITEP Staff
RESOURCES State Tax & Revenue Information Connecticut Department of Revenue – Tax Research Library Connecticut Office of Policy and Management – Budget & Financial Management Division Connecticut Office of Policy and Management – Municipal Data Connecticut General Assembly – Office of Fiscal Analysis Connecticut General Assembly – Office of Legislative Research Tax […]
Everyone agrees that tax "fairness" is important--even though there is often disagreement on what fairness means. A well-informed debate on who should pay the most taxes must start by assessing who actually does pay the most--and the least. Too often taxes are studied only with an eye towards tax rates instead of an understanding of how taxes impact people depending on their income. Tax incidence analyses answer basic questions by measuring how taxpayers at different income levels are affected by the current tax system and various tax reform alternatives. This policy brief provides a basic introduction to using ITEP's tax…
Retail trade has been transformed by the emergence of the Internet. As the popularity of "e-commerce" (that is, transactions conducted over the Internet) has grown, policymakers have engaged in a heated debate over how state sales taxes should be applied to these transactions. This debate is of critical importance for state lawmakers because sales taxes comprise close to a third of all state tax revenues.
Connecticut Takes a Stand for Progressive Tax Policy and a Balanced Budget Approach
May 14, 2011 • By Meg Wiehe
Five months into 2011, a glimmer of hope for progressive tax policy and a balanced, sensible approach to state budget woes has emerged in Connecticut. Lawmakers in all but a handful of states are continuing to grapple with historic budget shortfalls as they craft and finalize their budget plans for next year. State revenues continue […]
States Should Not Allow Amazon.com to Bully Them into Forgoing Sales Tax Reform
April 14, 2011 • By Carl Davis
In just the last few weeks, Arkansas and Illinois joined New York, North Carolina, and Rhode Island in enacting legislation requiring some online retailers, like Amazon.com, to collect sales taxes on purchases made by their state’s residents. Vermont’s House of Representatives recently passed similar legislation, and Arizona, California, Connecticut, Hawaii, Massachusetts, Minnesota, Mississippi, Missouri, New […]
