Taxes effect the poor much more than the wealthy....

Taxes effect the poor much more than the wealthy....  The wealthy have the wherewithall to move.  

As a professional wealth manager I see clients every year move to FL, NH and recently NV and TX.  These moves add to my cost of doing business, and the higher costs in CT will finally make me seriously think about moving.  Haven't you thought about it?  Then the burden becomes shared by fewer people, rates go up, more people say enough and the vicious cycle speeds up.  You see I do not HAVE to be in CT, unlike a plumber who needs to physically be here to fix your pipe.

Taxes are something no one WANTS to pay.  Sorry let me rephrase that: Taxes are something MOST people do not WANT to pay.  Taxes do however flavor all our decisions in a multitude of small ways, such as:

Where we buy gas, (usually in MA if I can, good for Enfield shops, bad for Buckland area shops); 

Purchases local or on-line; 

Purchase until this year above or below $50;

Reducing income to pay less taxes; 

Refusing OT to reduce income; 

Avoiding a profit to avoid a tax; 

Buying tax free bonds, when it makes no sense;

What decisions have you made?

We make dozens of little decisions that in total hurt the local or state or federal treasury, and leave a few more pennies in our pockets.  We all do so, do you think for a second that those at the higher income levels do not do the same?  They deal with larger and/or more complicated problems.

Those decisions reduce taxes paid, and that causes not a reduction in spending, as we see with Gov. Malloy, but an increase in rates and taxes, and more tax reduction decisions and this cycle gets worse and worse, and the rates go higher and higher.  

So as the wealthy leave to lower tax states, then those left have to pay higher rates, and/or more taxes, and the poor and middle class must carry a larger burden that falls onto them.

If you feel the taxes taken from your paycheck are NOT enough and should be more, then you are a Democrat, if you think they are enough or too much, then you are a Republican!

I remember a liberal Democratic business owner telling me, 'Sure I take cash, then I do not need to report it on the tax returns (sales and income).'  Hmmm, BUT Mr. liberal business owner thinks we need to tax the wealthy more?  Sorry Mr. Liberal, why don't you start by paying your "fair" share?  Is your share too high?  Maybe you should be a Republican and not a hypocrite!