Are you taxed enough? In Connecticut, Democrats say no. So does Ben Stein?
OK … it’s just one Democrat, or is it? State Senator Eileen Daily, a member of the party that got us into this debt fix thinks extraordinary times call for extraordinary measures. You… meaning the tax payer … were responsible and you … will have to pay.
For your viewing pleasure the video first … and then I will update with some statistical comparisons among the states.
httpv://www.youtube.com/watch?v=MzN1OtuQxaM
OK … there you go … you’re not overburdened. But wait, there’s more. She also took a crack at explaining the new proposed tax on the full retail price of items … even when they are on sale. That’s right. Got a coupon? Fear not … the state will still tax you for the full amount. Daily of course sees nothing unreasonable in this. It’s a “scheme”. A Scheme?
httpv://www.youtube.com/watch?v=eL5eom9_9AM
Ok, let’s take a look at the numbers, shall we.
Connecticut’s income tax rate currently is 5%, higher for millionaires of course. Massachusetts is 5.3% and New York is 5.9% up to $200,000. As for the corporate tax, Connecticut is 7.5% plus a 20% surcharge, Mass is 8.8% and New York is 7.1%.
Boiled down … welcome to Connecticut, we’re as crappy as our neighbors.
SCAM is more like it. Anything to maintain the status quo.
If Senator Daily held a weapon in her hand as she said this, I would consider it armed robbery.
The fleecing of Connecticut residents continues based on unaccountability, lies and distortions, apathy of the voters, ignorance, naivete……………we're doomed.
Connecticut may become the center of taxpayer revolt. When your taxes begin to exceed your income, there are problems, it is over taxation not for the good of the people but for the good of the government. People of Connecticut will silently begin revolt as they cross the border to buy products instead of paying the high taxes of Connecticut.
They will have to lock us into the state or prohibit us from transporting goods across the border. More u-hauls will be leaving, houses will remain unsold, more on the market, more foreclosures, businesses leaving or closing their doors; Connecticut is on its way to destruction.
This is flat out theft. Just like the added fee on the electric bill – CL&P this year and UI in 2012 (and only their customers, not the municipally owned utilities).
THEFT – not a tax, fee, VAT – THEFT.
And if I have to pay these "taxes" as I purchase diring the year – how am I aupposed to pay my income tax. And if I don't – can debtors prison become reality?
No personal shot, but I think Daily has been around long enough to know how we ran things without the income tax, casino money and lottery. She should know better than to just protect her state employees (read – Kingdom).
Buy American – buy local and buy with cash ! better yet, barter and watch these folks squirm.
Freecycle.org baby.
It isn't easy trying to figure out where CT stands in terms of tax burden. As a percent of income we rank 19th according to retirementliving.com. According to a CNN report our per capita state and local tax burden is 12%, or 2.2 points higher than the national average. In terms of government spending as a percent of income we are next to lowest at number 49. Number one in tax burden per capita is Alaska. It gets more complicated when you look at after tax income, where CT does very well. The average Joe in CT has about $54,000.00 left over after state and local taxes. The poor fellow from Alaska is left with a good bit less: $43K. One reason it looks like we pay more taxes than other states is because we make more money. But then again these are based on averages, and as MarK Twain said re 3 kinds of lies: there's lies, damn lies and statistics.
Hey, Dailey, when you're talking about raising taxes and you yourself refer to it as a "scheme", it's pejorative in most peoples minds (underhanded plot). Where are the cuts Malloy promised? Hmmmmm? Guessing those democrats just wanna "shut us up" while they push this through the way Obamacare was pushed through on the federal level.
As for me and mine, I have a reason to travel to Massachusetts and New Hampshire on a regular basis and I plan on exercising the right to do so…and will pick up a few goods and utilize a few services (i.e. hair cuts/color) along the way. Sayonara, CT.
*my apologies for misspelling Daily's name.
I honestly can't tell whether we're in good or poor shape re. taxes. I know I don't like high property taxes , but I do like the fact my home will be worth a lot more when I am ready to downsize than a similar home in a low tax state, and I am pleased we have an educated population that makes for more prosperous and interesting communities, but I still don't like writing those checks 2 times per year. As noted in my previous comment, when you look at the whole package, it looks like CT is doing OK re. taxes, however, figuring it out is complicated, especially if you look beyond simple statistics like tax rates.
Why do they always compare us to other states? We're not as bad as Massachusetts or New York? Like our schools, our state government is striving for mediocrity instead of excellence. Plus, regarding sales taxes, we are soon to be worse in many respects.