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Jays first reply was adequate enough. I don't understand why this is a three page argument. The metro-north runs from grand central to New Haven. It's a commuter railroad. Lets call everything in between apart of the tri-state / NYC metro. sheesh.
Perhaps 10 hedge fund kings in Greenwich pay a rather disproportionate % of taxes in CT revs.....and employ a few 100 >>$1MM/yr workers who also pay decent taxes that disproportionately fund CT
Even Manhattan has a similar phenom w/200-500 major (largely hedge fund) owners paying high % of state's tax revs
CA's SiliconValley has similar nonlinear issues w/a few 100 tech kings despite CA being far bigger state
Fairly moronic to look at Census districts, esp when many of these largest taxpayers are often empty-nesters who have 4-5 houses around US and can easily run their business from anywhere for tax reasons....and as precedents show, in case of various recent CT/NYC/CA billionaires, can easily move to FL/TX for tax purposes and continue to run businesses allegedly based in some high-tax region
Much like how cos. like AAPL, etc have 70%+ of their cash parked outside US for tax purposes and assemble their products in China of components sourced from all over globe, to be sold all over globe...but perhaps 99% of their highest-paid workers reside in CA....tax laws create interesting dynamics which anyone smart seeks to legally arbitrage
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