mcevoys
join:2002-02-06
Ridgefield, CT
1 edit | CT Revenue Comes Up Short Following Historic Tax Increase Governor Dannel Malloy, who balanced the state’s budget by raising income taxes the most in state history last year, said receipts haven’t met estimates, leading to a $94.9 million revenue miss in fiscal 2012.
The lower-than-expected tax collections mirrors a trend in other states with high-wage earners including New York, New Jersey and Massachusetts, Malloy said yesterday in a statement. Based on official estimates, fiscal 2013 revenue is projected to trail forecasts by $139 million, according to the statement.
Connecticut Revenue Comes Up Short Following Historic Income-Tax Increase
Wow...people change behavior based on tax policy...I'm SHOCKED!!  |
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| said by mcevoys:Wow...people change behavior based on tax policy...
WHAAAATTTT????? NOOOOOO....
And what next, businesses move to places with lower taxes???? |
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 orion940No longer a burden on societyPremium
join:2001-12-23
Windsor, CT
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1 edit | reply to mcevoys
Winning! Atta boy Danny!!! This only goes to show that his tax program was not a well thought through proposal, not the veritable stroke of genius that he thought it was. His Amazon tax was ill-conceived, even he said he had no idea how much Amazon sold in CT. The effects of raising business taxes was a surprise to most, I'm sure. We lost how many small businesses? How much was spent on unemployment for the lost jobs? It cost the state how much to bribe companies to stay in CT?
I don't think he can find his butt with both hands. We'd have done better with Charlie Sheen as governor.
O.
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 titoPremium
join:2006-07-03
Waterford, CT | reply to mcevoys
Re: CT Revenue Comes Up Short Following Historic Tax Increase And we're supposed to be surprised by this?  |
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 gregamy
join:2003-05-22
Middletown, CT | reply to mcevoys
Well, the answer is clear: we need to raise taxes more!
Duh... |
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pandoraPremium
join:2001-06-01
Outland
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| said by gregamy:Well, the answer is clear: we need to raise taxes more!
Duh...
Can never go wrong with taxing the rich in this state! Envy of those with two nickels to rub together seems increasingly common.
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"People demand freedom of speech as a compensation for the freedom of thought which they seldom use." |
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 DrStrangeTechnically feasiblePremium
join:2001-07-23
West Hartford, CT
kudos:1 | reply to mcevoys
Probably because I haven't filed my Sales & Use Tax for last year yet.
I'll get it in next week and we'll be fine.
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 GlennI'D Rather Be SkiingPremium
join:2000-10-05
Wallingford, CT | reply to mcevoys
Big surprise! I imagine people are also leaving the state for other states with lower taxes and more job opportunities. What a novel idea....
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I ski at Mount Snow |
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