Add Connecticut to the list of states with major budget issues -- a club with a growing membership lately. Instead of just taxing the rich to help make ends meet, Governor M. Jodi Rell has decided to split hairs and t
ax the living rich while providing tax breaks to the rich who have passed on. Her budget plan includes a proposal to increase the personal income tax rate from 5% to 6.5% for those earning $500,000 or more per year and for joint filers earning $1 million or more. On the flip-side this plan would eliminate the inheritance tax which is rather appealing to those with ample funds to pass onto their heirs. This applies to estates worth $2 million or more. The Legislature will be bickering over the details -- what is your take on it?
