Saturday, January 6, 2018

Rich People Are Fleeing Connecticut

By Zero Hedge, Jan. 05, 2018

Lawmakers like Connecticut’s Democratic Gov. Dannel  Malloy should pay attention to the latest batch of IRS data, which show tax payers – particularly wealthy ones – are leaving Connecticut for states like Florida, where there is no income tax, and New York City, where taxes are high but at least you can order Chinese food at 4 am.

Indeed, as the Hartford Courant points out in an editorial, the latest data reveal that Connecticut is in the middle of a taxpayer exodus.

Those who moved out of Connecticut from 2015 to 2016 took with them more than $6 billion in adjusted gross income, or AGI.


Read More: https://www.zerohedge.com

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