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Old 02-28-2016, 06:55 AM
 
Location: Northeast states
14,055 posts, read 13,934,018 times
Reputation: 5198

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What you think ?


Long before income disparity became a watchword in presidential politics, Connecticut has sheltered an enormous gulf between rich and poor.
It is only because of the rich of Fairfield County that the state lands so high on rankings of states by household income.
When you count only the 1-percenters, Connecticut rings all the ranking bells.
And yet we all know that Connecticut — with its collection of hard-luck small cities, some of the detritus of the golden age of long-lost New England manufacturing — is challenged in all kinds of ways.

The difference between parking next to a Bentley in the Whole Foods parking lot in Darien and next to a 15-year-old dented minivan at the Willimantic Ocean State Job Lot could not be more stark.
And, like Robin Hood, Connecticut institutionally has helped bridge this great divide, distributing revenue from its richest residents to its poorest communities.
Through education grants, aid to municipalities and a whole range of state funding and bonding programs, the state smooths things out a bit.

It was the original flame lighting the Fairfield County fire.
Rich New Yorkers, for a tolerable commute, could land in the beautiful environs of Connecticut, with its handsome shoreline, stone walls, charming New England colonials and good schools.
It became a cozy, commutable tax haven for the New York rich.
Now that income taxes are barely less here than in New York and New Jersey, that is much less true.

Gov. Dannel Malloy, a former Fairfield County mayor, knows this formula well and has worked to make sure his state has a slim tax advantage. But it has become so thin as to be almost irrelevant.
And when all those rich Fairfielders finally retire, they have begun to head in increasing numbers to states like Florida, where there is no income tax at all. You can even keep the Connecticut manse, as long as you stay out of the state six months a year.

This is pretty routine tax planning advice in Fairfield County.
Not only do you want to escape income tax but, more important, Connecticut's considerable estate tax.
Estates of more than $10 million, at a rate of 12 percent, hit the $20 million maximum pretty fast. You can buy a lot of nice Florida property for that kind of money and then leave

read the rest... The Day - The golden Fairfield County goose may be dying - News from southeastern Connecticut
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Old 02-28-2016, 07:08 AM
 
21,620 posts, read 31,202,923 times
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Just another sensational newspaper article begging for readers. The insane homes I see being built and purchased in Fairfield County proves their theory false.
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Old 02-28-2016, 07:21 AM
 
4,716 posts, read 5,959,891 times
Reputation: 2190
The New London Day is writing that? People are getting so upset over 200 jobs leaving the state? Was there this much traffic on the forum when Pfizer moved 3,000 jobs from New London/Groton to Boston? That had a much bigger effect on SE CT than GE had in FFC.
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Old 02-28-2016, 07:23 AM
 
Location: Northeast states
14,055 posts, read 13,934,018 times
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Quote:
Originally Posted by NewJeffCT View Post
The New London Day is writing that? People are getting so upset over 200 jobs leaving the state? Was there this much traffic on the forum when Pfizer moved 3,000 jobs from New London/Groton to Boston? That had a much bigger effect on SE CT than GE had in FFC.
True lol I think The day jealous of SW CT
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Old 02-28-2016, 11:45 AM
 
Location: New London County, CT
8,949 posts, read 12,135,783 times
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Quote:
Originally Posted by BPt111 View Post
when all those rich Fairfielders finally retire, they have begun to head in increasing numbers to states like Florida,
Any article that thinks people from F airfield County retiring in Florida is a new phenomenon lacks credibility.
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Old 02-28-2016, 11:56 AM
 
Location: Central CT, sometimes FL and NH.
4,538 posts, read 6,800,839 times
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Quote:
Originally Posted by mlassoff View Post
Any article that thinks people from F airfield County retiring in Florida is a new phenomenon lacks credibility.
The difference is that last week the governor himself cited an acceleration of this shift.
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Old 02-28-2016, 12:21 PM
 
Location: New London County, CT
8,949 posts, read 12,135,783 times
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Quote:
Originally Posted by Lincolnian View Post
The difference is that last week the governor himself cited an acceleration of this shift.
More power too them.

I wouldn't live in Florida if there were no taxes and they sent me a check!
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Old 02-28-2016, 05:39 PM
 
1,679 posts, read 3,017,214 times
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Quote:
Originally Posted by mlassoff View Post
More power too them.

I wouldn't live in Florida if there were no taxes and they sent me a check!
But more people are moving and thats the point

Why don't you actually address the issue for once? The taxes were increased and this leads to more people leaving the state.

CT'e economy is cratering in a few years it will go bankrupt
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Old 02-28-2016, 05:42 PM
 
Location: Northeast states
14,055 posts, read 13,934,018 times
Reputation: 5198
What jobs people in Greenwich, Westport, New Canaan has ?
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Old 02-28-2016, 06:19 PM
 
2,695 posts, read 3,489,693 times
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Quote:
Originally Posted by BPt111 View Post
What jobs people in Greenwich, Westport, New Canaan has ?
Good ones.
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