The Estate Tax: An Important Source of Revenue That Makes Connecticut’s Tax System Fairer

Back • Publication Date: March 9th, 2007

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The Connecticut estate tax affects only a small portion of Connecticut families. However, it generates considerable revenue for the state and helps to reduce the overall regressivity of total state and local taxes. The state’s wealthiest residents pay a smaller share of their income in state and local taxes (4.4%) than middle-income (9.5%) and low-income residents (10%). The estate tax is one of Connecticut’s few progressive taxes.