Connecticut Laughs Ruefully <br>As Its Tax Haul Collapses <br>25 Years After Income Levy

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The New York Sun

Connecticut residents who remember the enactment of the state income tax in 1991 can only laugh ruefully as state government’s revenue collapses again, this time largely on account of falling receipts from the income tax.

Twenty-six years ago the tax’s advocates declared that the income tax would stabilize revenue and be much more reliable than other taxes. But now receipts from other taxes are holding up far better than those from the income tax.

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