Connecticut Keeps Close Eye On Its Super-Rich Residents

[WestVirginiaRebel]

Courant: HARTFORD If you're a billionaire living in Connecticut, chances are the tax department is keeping an eye on you.

 

Connecticut, home to some of the richest Americans, has a big stake in the billions of dollars in revenue their income taxes generate. State 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 the state 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.

 

With one exception, he said, state officials don't actually approach the super-rich. He said: "There isn't friendly visiting or anything like that, how are you feeling? Doing all right? Doing OK?"

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