Connecticut to super-rich residents: Please don't leave us
HARTFORD, Conn. — If you're a billionaire living in Connecticut, chances are the tax department is keeping an eye on you.
In a state home to some of the richest Americans, tax officials go to some lengths to keep them — or, more accurately, keep the billions of dollars in revenue their income taxes generate.
Connecticut tax officials track quarterly estimated payments of 100 high net-worth taxpayers and can tell when payments are down. Of that number, about a half-dozen taxpayers have an effect on revenue that's noticed in the legislature and Department of Revenue Services.
''There are probably a handful of people, five to seven people, who if they just picked up and went, you would see that in the revenue stream,'' said Kevin Sullivan, the state's commissioner of the Department of Revenue Services.
Read the rest at: http://www.telegram.com/article/20150210/NEWS/302109957/1237