Issue Position: Taxation

Issue Position

The Connecticut income tax rate is 5% to 5.5% for most people earning between $20,000 and $200,000
a year. Rates were raised after the tax increases of 2011, for individuals making over $50,000 a year,
and for married filing couples making over $100,000 a year.

The Connecticut corporate tax rate is 7.5%. The unemployment tax on businesses is 4.2% on the first
$15,000 of income per new employee.

The Connecticut Sales tax rate was raised from 6% to 6.35% in July of 2011.

There is also a high reliance on local property taxes for support of schools.

In all categories of taxation, Connecticut is one of the highest in the nation.

Source