Posted by Staff Writer on 5/14/2019 to
Federal and State Taxes
IncSmart Connecticut (Small Business and Startups) - Connecticut Estate Tax is under scrutiny. There is a proposal to the General Assembly to end the Death Tax to it's citizens. Legislatures are looking for ways to reduce spending in the mist of the Estate Tax proposal. However higher taxes on sales and income are on the table as well as tuition increases at UConn. Up to 4000 state employees could be facing layoffs, with pay raises and payments to hospitals are on hold.
Connecticut is facing a mounting financial crisis, with never ending budget shortages. The public pension liability is growing. The Estate Tax has evolved over the years as a substantial income for state legislatures. But without the repeal of the Estate Tax, the state will lose it's population base to state with more fair tax structures. Many states such as New York, New Jersey, and Massachusetts are losing populate because of the unfair taxes on inheritance. These taxes hurt small family farms and businesses.
IncSmart Staff Writer
IncSmart Staff Writer
Starting a Business in Connecticut
For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form Connecticut Corporations and Connecticut Limited Liability Companies. When you call, email, text, message or live chat with our office, expect personal attention. Small business is the heart of IncSmart.
We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place.
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