Biden, CT hikes could push tax rates on wealthiest to nearly 50 percent
FacebookTwitterEmail
TOPSHOT - US President Joe Biden addresses a joint session of Congress as US Vice President Kamala Harris and US Speaker of the House Nancy Pelosi applaud at the US Capitol in Washington, DC, on April 28, 2021. (Photo by Melina Mara / POOL / AFP) (Photo by MELINA MARA/POOL/AFP via Getty Images)MELINA MARA / Getty
WASHINGTON If Congress approves the tax increases in President Joe Biden’s American Families Plan, Connecticut’s wealthiest residents could pay nearly half their income in state and federal income taxes and more than half their profits on investments in combined capital gains taxes.
Biden, CT hikes could push tax rates on wealthiest to nearly 50 percent sheltonherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sheltonherald.com Daily Mail and Mail on Sunday newspapers.