Jul 05
2008

Them That's Got Will Lose

Posted by Don Pesci in Untagged 

Don Pesci

Comptroller Nancy Wyman has detected some cracks in Connecticut's principal revenue engine, the state's income tax.

"The drop in the income tax is directly linked to the drop in job growth we saw in the first four months of the calendar year," Wyman said.

According to a report in the Journal Inquirer, the 40 percent of the state's income tax tied to Connecticut's wealthiest households in the form of capital gains, dividends, investment income, and year-end bonuses has suffered a drastic diminishment.

Them That's Got Will Lose

Blog: Connecticut Commentary: Red Notes from a Blue State


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