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UNEXPECTEDLY’: Connecticut income tax revenue collapses; Malloy says taxing the rich doesn’t work.

May 2nd, 2017
Categories: News

Link: http://investmentwatchblog.com/unexpectedly-connecticut-income-tax-revenue-collapses-malloy-says-taxing-the-rich-doesnt-work/

Connecticut’s state budget woes are compounding with collections from the state income tax collapsing, despite two high-end tax hikes in the past six years.Connecticut depends too much on its wealthy residents, and wealthy residents are leaving, and the ones that are staying are making less.

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