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  • Estates Of Pain (Blue State America Taxes People At Death, Loses Retires And Revenue Alert)

    07/31/2005 10:10:45 PM PDT · by goldstategop · 27 replies · 1,015+ views
    Opinionjournal.com ^ | 08/01/05 | Wall Street Journal Editorial
    The law requires that any resident of the Nutmeg State with an estate of more than $2 million pay a death tax of up to 16%--merely for the privilege of dying in Connecticut. The legislators in Hartford hope that the tax will raise $150 million in revenue each year--money that will come in only if the legislators in Hartford are also planning to build a Berlin Wall around the state. Otherwise, expect a stampede of retirees and family businesses out of Connecticut into the many states without a death tax, such as Florida, which has a constitutional prohibition against estate...