Posted on 04/21/2017 6:51:43 PM PDT by matt04
Taxes could soon be on the rise if a new house bill passes.
House bill 7322 seeks to increase the sales tax up to 6.99 percent from its current rate of 6.35 percent and increase the income tax for some state residents.
Other aspects of the bill would help towns generate more money by increasing state owned property payments. Properties like colleges and hospitals owned by the state would see an increase of their payments to their towns by roughly 23 percent. If the bill passes, regional governments would be responsible for creating plans to help pay for that.
Another aspect of the bill proposes increasing the income tax on the upper class. This would impact those making more than $500,000 annually. Currently, those people are taxed at a rate of 6.99 percent, but that number would go up to 7.49 percent if the bill passes. 7.49 percent would be the highest income tax rate since the tax was first introduced more than 25 years ago.
Cities would also be allowed to tax properties at 100 percent of their value, versus the current rate of 70 percent, which means property taxes would increase dramatically.
(Excerpt) Read more at fox61.com ...
I need to move.
The CT pols are criminally bad.
Will the last one leaving...etc...etc...etc?
Some residents are also fighting a new NG pipeline saying it is not needed, while demanding more NG power. So the lights will already be out as the last one leaves.
Too bad about CT. Used to be a nice state.
When I was a kid, the CT sales tax was 7%, but there was NO state income tax. Weicker insisted that a state income tax would make the state tax raising recession proof, and there would be no need for further increases, with a then 6% sales tax. Property taxes are also sky high in CT, even as property values decline.
Bring back tar and feathering for these scoundrels.
Malloy is first.
My sisters live in Ethel and pay over $1000 a month in property taxes. They are looking at $1300 per month. We were talking about Durham earlier tonight. Kiss that tax state good bye.
Hahah. Fools
How many people need to leave the NUT..meg State b4 these A holes catch on?
Yeah! More taxes!!! That’s the ticket, Connecticut!!!
Should people leave some strange reason, another busway or minor league stadium will make they come back. Right?
As prices increase, the government gets its raises, so tax rate increases never make sense to me especially when governments whine “but we haven’t raised the sales tax in 20 years”
It really is stunning. I have relatives in CT. Check out house price histories on Trulia or Zillow. One Woodbridge house I saw went from $2.5 million to $1.1 million, and a house in Milford from $649,000 to $429,000, both in just 5 years! Take a look at anywhere in Texas, Arizona, South Carolina, you name it, and they at least went up something. I don't know how White citizens in CT manage to stick it out.
How many need to leave the NUT...meg state b4 these A holes catch on?
Well they are leaving and going to Virginia, North Carolina, Georgia and Florida and beginning to destroy these states too. So dang weird that so many leave the high taxed states of the Northeast and come down south and demand higher taxes and more money for schools, etc. Just doesn’t make sense.
Left that left state in 1964 and won’t go back.
It does make sense.. you just have to call them out for what they are..
Abject failures and socialist a holes.
Put “former Yankee” signs in their front lawns and allow them to be “shunned”.
If they run for town Gov’t make their past lives “public” and let the neighbors know.
I have lived with these Loozah’s all of my life.
Confront them.
Say things like “are you kidding me?’
“do you have any idea where you are?”
Just leak on them until they get disgusted and buzz off.
Do not be NICE.
its what liberal socialists always do.
Do Democrats and Communists know anything else, other than raising taxes? The "end" is economic collapse.
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