taxes

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This month marked 25 years since Connecticut lawmakers passed a universal state income tax. According to the Yankee Institute, a conservative think tank in Hartford, the state has taken in about $126 billion through income taxes since 1991. The Institute says in that time state government spending has grown dramatically and much of that revenue has been used for debt servicing and public employee benefits.

Mike Groll / AP

Business leaders, particularly those in upstate New York, say the 2016 legislative session, which recently concluded, was the worst for small businesses in quite some time.

Business owners say that a session that saw the minimum wage increase, to eventually $15 an hour in New York City and $12.50 upstate, along with a phased-in partial paid family leave, will be costly to smaller employers who operate on the edge in a shaky economy.

Ebong Udoma / WSHU

In the second installment of our Friday series on regional politics, WSHU Senior Capitol Reporter Ebong Udoma speaks with Morning Edition Host Tom Kuser to bring listeners up to speed on the issue of taxes in Connecticut.

If you're a billionaire living in Connecticut, chances are the tax department is keeping an eye on you.

In a state home to some of the richest Americans, tax officials go to some lengths to keep them — or, more accurately, keep the billions of dollars in revenue their income taxes generate.

Connecticut tax officials track quarterly estimated payments of 100 high net-worth taxpayers and can tell when payments are down. Of that number, about a half-dozen taxpayers have an effect on revenue that's noticed in the legislature and Department of Revenue Services.

(AP Photo/Damian Dovarganes)

A new report says Connecticut’s tax system is unfriendly to many caring for dependents.

The advocacy group Connecticut Voices for Children published the report this week.  

Nick Defiesta is a fiscal policy fellow with the group. He says Connecticut is one of two states with an income tax that doesn’t adjust its income tax for the cost of caring for a dependent.

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