skip to main content
skip to newscasts

Tuesday, April 23, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Day two of David Pecker testimony wraps in NY Trump trial; Supreme Court hears arguments on Idaho's near-total abortion ban; ND sees a flurry of campaigning among Native candidates; and NH lags behind other states in restricting firearms at polling sites.

view newscast page
play newscast audioPlay

The Senate moves forward with a foreign aid package. A North Carolina judge overturns an aged law penalizing released felons. And child protection groups call a Texas immigration policy traumatic for kids.

view newscast page
play newscast audioPlay

Wyoming needs more educators who can teach kids trade skills, a proposal to open 40-thousand acres of an Ohio forest to fracking has environmental advocates alarmed and rural communities lure bicyclists with state-of-the-art bike trail systems.

Tax Study Shows ‘Who Pays What’ in CT

play audio
Play

Monday, February 1, 2010   

HARTFORD, Conn. - Tax season is underway, and a new analysis from Connecticut Voices for Children compares "who pays what" according to income. The organization's study found that the richest in Connecticut pay the lowest percentage of their income in state and local taxes, and their tax rate is lower than the rate the wealthiest are taxed in almost every other state.

Research analyst Joachim Hero says the top income earners pay about five percent, while middle-income families pay 10 percent, and the highest tax percentage is levied on those least able to pay.

"The lowest 20 percent of income earners are taxed about 12 percent, which puts Connecticut in the top 10 of states that have the highest taxes on the poor."

Although Connecticut raised taxes on those with the highest incomes in 2009, even with that tax hike Hero says the richest Nutmeggers pay less than half the percentage their peers do in other states.

This research shows that Connecticut has some repair work to do to make its tax system more equitable, Hero adds. Placing the highest rates on the poorest is what's called a "regressive" tax structure, which he says weakens the state's ability to raise revenue in tough times.

"That structure is not only bad public policy, it's also bad economic policy. Having a tax system that reduces the regressivity actually would increase the money flow in the economy."

The full report, "Connecticut's Wealthy Pay Smaller Share of Income Than Most Residents in State and Local Taxes," is available at www.ctkidslink.org.




get more stories like this via email

more stories
Several Mississippi correctional facilities offer both short-term (12 weeks) and long-term (six months) alcohol and drug programs with individual and group counseling for treating alcohol and drug addictions. (Wesley JvR/peopleimages.com)

Social Issues

play sound

Mississippi prisons often lack resources to treat people who are incarcerated with substance-use disorders adequately but a nonprofit organization is …


Social Issues

play sound

April is Second Chance Month and many Nebraskans are celebrating passage of a bipartisan voting rights restoration bill and its focus on second chance…

Health and Wellness

play sound

New Mexico saw record enrollment numbers for the Affordable Care Act this year and is now setting its sights on lowering out-of-pocket costs - those n…


Migrants are put on buses from Texas to other states, often without knowing where they are going. (afishman64/Adobe Stock)

Social Issues

play sound

The future of Senate Bill 4 is still tangled in court challenges. It's the Texas law that would allow police to arrest people for illegally crossing …

Social Issues

play sound

Residents in a rural North Carolina town grappling with economic challenges are getting a pathway to homeownership. In Enfield, the average annual …

Social Issues

play sound

A new poll finds a near 20-year low in the number of voters who say they have a high interest in the 2024 election, with a majority saying they hold …

Health and Wellness

play sound

New York's medical aid-in-dying bill is gaining further support. The Medical Society of the State of New York is supporting the bill. New York's bill …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021