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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Shawn Donahue who wrote (1184)	7/23/1998 2:16:00 AM
From: Colin Cody	Read Replies (1) \| Respond to of 5810

Shawn, Didn't at one time Connecticut have no State income tax Our "flat" income tax of 4.5% started 10/1/91. Before that we had a Capital Gains, Div & Int tax of 13% . fill me in on how CT. is for taxes in general, ie. State, Sales, and Property, and are there any thresholds that kicks in a higher tax rate on investments...? Sales tax is 6% on everything that moves, breaths or is stationary. . Property runs about $30 per assessed $1,000 in the suburbs to about $70 in the cities. Most people pay this on their homes, automobiles and boats. The 4.5% flat tax kicks in after a low income credit, so many lower income people don't even file. But after that it's 4.5% I did read in last months Forbes magazine that Connecticut's Republican Governor was planning or already has implemented a reduction or rebate..is that true? Yup, I bought a cup of coffee and a 1/2 dozen donuts with mine! . Colin