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Old 03-31-2008, 11:52 AM
Real Estate Agent
 
Join Date: Oct 2006
Location: Cheshire, Conn.
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Default Tax burden...Connecticut is #1

According to MSN Money, residents of Connecticut pay the largest percentage of income in taxes at 38.3 percent.
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Old 03-31-2008, 01:11 PM
Southerngirl
 
Join Date: Jul 2007
Location: right here
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Quote:
Originally Posted by Rich Lee View Post
According to MSN Money, residents of Connecticut pay the largest percentage of income in taxes at 38.3 percent.
No kidding Rich. I think my poor husband has to work till October to pay the taxes. Guess it helps it's also the richest. I guess what blows my mind is when we drive around the country side is so beautiful and then the cities are so run down and dirty. The richest is also the poorest looking. Your name fits the state well.
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Old 03-31-2008, 01:38 PM
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Join Date: Jan 2007
Location: Tolland County- Northeastern CT
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I saw that list from MSNBC---- Its contents I would take with a grain of salt-- it uses information that is dated and has erroneous data sources, that are highly subjective.
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Old 03-31-2008, 01:41 PM
Southerngirl
 
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Originally Posted by skytrekker View Post
I saw that list from MSNBC---- Its contents I would take with a grain of salt-- it uses information that is dated and has erroneous data sources, that are highly subjective.
Once again a study we have no faith in?
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Old 03-31-2008, 01:43 PM
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No; news sources like MSN or MSNBC use data and stats that can be subjective and impartial. California has a higher sales tax, higher income tax, city and county taxes, MSN & MSNBC are just as bad as Fox news in presenting fair information.

I have seen other so called 'studies' that do not even rank CT in the top 10 states for taxes- so should I judge this one any differently?
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Old 03-31-2008, 01:55 PM
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Join Date: Feb 2008
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Quote:
Originally Posted by skytrekker View Post
I saw that list from MSNBC---- Its contents I would take with a grain of salt-- it uses information that is dated and has erroneous data sources, that are highly subjective.
I would take most studies with a grain of salt, especially lists generated by the networks you mentioned here. I couldn't agree more.

Connecticut's tax burden is highest when taking Federal taxes into account, but when talking about just state and local taxes, Connecticut drops 10 spots.

With that, we are taxed very heavily in total. A couple of towns in NJ are merging services to save a couple bucks. It would make sense for some small towns in CT to think about this.
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Old 03-31-2008, 04:12 PM
Real Estate Agent
 
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Location: Cheshire, Conn.
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Quote:
Originally Posted by Rich Lee View Post
According to MSN Money, residents of Connecticut pay the largest percentage of income in taxes at 38.3 percent.
Oops...here's the link: The best and worst states for taxes - MSN Money
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