Contact Us
Norwalk Daily Voice serves Norwalk & Rowayton

Menu

Norwalk Daily Voice serves Norwalk & Rowayton

Nearby Towns

news

Connecticut Facing Major Tax Hikes

Connecticut residents would see increases in state taxes on income, cigarettes, alcohol, gas and estates under a proposal Gov. Dannel Malloy will unveil Wednesday, the Hartford Courant reports.

The plan, which also would increase sales taxes, is being called one of the largest tax increases in state history. The sales tax would rise to 6.25 percent from 6 percent and be added to a range of items that are currently exempt, ctmirror.com reports.

The plan seeks to raise $1.5 billion and would increase income taxes on the middle class and the wealthy, WTNH.com reports.

Malloy unveiled a plan for eight graduated rates, rather than the current three, in the income tax, according to the Courant . The categories are as follows:

• 3 percent up to $20,000;• 5 percent on income from $20,000 to $100,000;• 5.5 percent from $100,000 to $200,000• 5.75 percent from $200,000 to $400,000• 6 percent from $400,000 to $600,000• 6.25 percent from $600,000 to $800,000• 6.5 percent from $800,000 to $1 million• 6.7 percent for more than $1 million

All tax changes must be approved by the Democrat-controlled legislature.

What do you think of Gov. Dannel Malloy's plans to raise taxes?

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Norwalk Daily Voice!

Serves Norwalk & Rowayton

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.