courant.com | Estate Taxes Irk The Rich

courant.com | Estate Taxes Irk The Rich: "Estate Taxes Irk The Rich
State May Ease Up But No Repeal Seen
October 7, 2005
By CHRISTOPHER KEATING, Capitol Bureau Chief

While death and taxes are inevitable, Connecticut's wealthiest thought they would be spared the distasteful combination of the two with the planned phase-out of Connecticut's inheritance taxes.

But a budget deal passed by legislative Democrats and signed by Republican Gov. M. Jodi Rell earlier this year imposed a new tax on estates of $2 million or more. Now, as the revenue from that tax begins to roll in, the issue is still causing a stir in the state's enclaves of wealth."