The End Of Connecticut’s Income Tax

Well it will take 20 years to undo … but every journey begins with a small step.

This analysis estimates that within a little more than two decades—under a Taxpayer Bill of Rights—the income tax would be eliminated entirely.  This elimination would be achieved by systematically decreasing the top marginal tax rate, currently 5 percent, based on the yearly budget surplus.  The lower top marginal tax rate maximizes the economic benefi ts of lower taxes thus leading to a higher quality of life for all residents. 

However, time is short as Connecticut’s debt bomb comes closer and closer to its day of reckoning.  Only by expanding the economy, via eliminating the income tax, will the state be able to bear this debt burden without resorting to more draconian measures.

4 replies
  1. Dimsdale
    Dimsdale says:

    I wish it happened in MA, but the special interests, i.e. the state worker unions and pols, stopped it dead.

    How did they do it? By literally spending millions of dollars (while simultaneously crying poor mouth, ironically) to defeat it, with the usual scare tactics, the big one being, "your property taxes will go through the roof."

    One wonders why they don't just use all that money to fix all the problems they are asking, no, telling, the taxpayers to fix with their money.

  2. Dave
    Dave says:

    It's a pipe dream. Linus has a better chance waiting for the Great Pumpkin will come!

    I payed the Ct income tax for 17 years and all I got was this lousy T -Shirt that the state taxed me on!…

  3. Barb
    Barb says:

    Rescind a tax? Don't count your chickens. When Weicker rammed it down our collective throats many moons ago over our vehement objections, huge rallies, and ultimately throwing him out of office, one would think that the pols would understand how the populace feels. Alas, when the choice is spending our $ or being fiscally conservative, we all know which road they'll take, consequences be damned.

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