May 14, 2019

Hartford Courant: We Are a Group of Wealthy Connecticut residents, and we want to pay more in taxes.

media mention

Connecticut was slow to recover from the Great Recession. Meanwhile, inequality has skyrocketed. As the economy grew coming out of the recession, 100 percent of increased income in Connecticut has gone to the top 1 percent of earners. At the same time, the remaining 99 percent of income earners have seen their income decline, on average. Connecticut’s wealthiest residents, many of us included, have benefited enormously from recent economic growth and federal tax policies. The middle class in Connecticut pays more than 12 percent of their income in state and local taxes, according to the Institute on Taxation and Economic Policy. The top 1 percent pays 8.1 percent. Read more