As been said many time, the feds would fine any citizen for all their worth if we did 1/10th of what these crooks do on a daily basis.
All of these CPA etc are supposed to live up to Circ 230 rules. Bastids.
“Creative accounting” is one of the most common ways that liberal ideas are able to survive for longer than they should. The huge pension costs of liberalism are hidden from the public. Liberalism/socialism looks nice and “compassionate” in the short-term, but it always bites people in the long-term because it is unsustainable. At some point, they inevitably “run out of other people’s money.”
Liberal voters in Connecticut elected liberals with a total disconnect to fiscal reality. They both get it in the butt sans KY jelly.
Unfortunately the voters mostly remain home. The politicians go to Massachusetts or Washington DC unless they have stole a sufficient amount and then retire to the exile of choice. I would suggest Andorra in the summer and Dubai in the winter. If you are young and can ski, it is Andorra in the winter and any place but Dubai in the summer. Dubai is quite nice in the winter. It is hell in the summer.
There once was a story entitled “The Connecticut Yankee”.
Today that book’s title has been changed to “The Connecticut Commies and Crazies”, and the hero doesn’t win in this one.
i know how to fix the problem- ban guns- it’s the NRA’s fault- everything bad that happens from here on out is the fault of guns
Don’t a bunch of Republicans run that state?
Yeah....hiding it in their offshore bank accounts, I’m sure.
Could start a wave of supplemental property tax increases similar to the one proposed for Illinois.
This is good news for the liberals.
“..leaving Connecticut in the red by nearly $70 billion, amounting to $53,400 per person in the state.”
Yes, and if each person sent a check to the state for that amount, the debt would just recur within a year. In the meantime, the administrator heavy health care system in Connecticut is paying enormous amounts of money to those not directly involved in taking care of patients.
In 1991, Connecticut instituted an income tax under Governor Lowell Weiker. The governor, who had been a liberal Republican U.S. Senator, ran for governor as an independent. Weiker said upon passage of his income tax plan by the legislature, “”When I sign this budget Connecticut will be closing the book on its past and it’ll be facing toward the future,. . . “.
Unfortunately for the state, the future is now. As Representative Peter J. Fusscas, a Republican from Marlborough, said at the time, the passage of an income tax would bloat state government with new money and new spending. “It lets the genie out of the bottle,” he said. “Once it’s out, it ain’t never going back in.”
When the income tax was enacted the tax rate was 4.5%. Today the rate is 3% for incomes up to $9999. At $10,000 the rate goes to 5% and progresses up to a top rate of 6.99%.
In 1991, when Weiker’s income tax law was passed, the state faced a $2.4 billion deficit. Today the accumulated state debit is over $52 billion.
Weiker retired from politics when his term ended, choosing not to face the voters. His memoir, “Maverick: A Life in Politics” voiced no regrets about imposing the income tax on his state.
Untruthful?
Isn’t the current phrase, “Lack of Candor?”
Gov workers trying to hide how much they’re stealing from the working citizens of CT.
Politicians buying themselves votes with your grandchildren’s money.