Budget & Taxes

Connecticut Taxes: Not Too Regressive? A Review of the Recent Tax Incidence Study

The 2023 Connecticut Department of Revenue Services Tax Incidence Study examines the impact of Connecticut’s variety of taxes on households. We note the study contains several errors and heroic assumptions (all corporation and property taxes are completely borne by households); nevertheless, it concludes that Connecticut’s tax system is overall regressive. The personal income tax – which is moderately progressive – is less progressive than it was because the state has

Connecticut Taxes: Not Too Regressive? A Review of the Recent Tax Incidence Study

Connecticut Taxes: Not Too Regressive? A Review of the Recent Tax Incidence Study

The 2023 Connecticut Department of Revenue Services Tax Incidence Study examines the impact of Connecticut’s variety of taxes on households. We note the study contains several errors and heroic assumptions (all corporation and property taxes are completely borne by households); nevertheless, it concludes that Connecticut’s tax system is overall regressive. The personal income tax – which is moderately progressive – is less progressive than it was because the state has

Connecticut Taxes: Not Too Regressive? A Review of the Recent Tax Incidence Study

Millionaires Pay to Stay: The Millionaire Tax Migration Myth