Quantcast

Housatonic Valley News

Saturday, November 2, 2024

Residents and visitors to Connecticut paid $19.1 billion in taxes in 2018

Adobestock 308631683

Adobe Stock

Adobe Stock

Connecticut collected $19.1 billion in taxes in 2018, a 14.4 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from income taxes ($10.5 billion) and sales and gross receipts taxes ($7.7 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2018 Connecticut Tax Collections
Type of TaxAmount
Property taxes$0
Sales and gross receipts taxes$7,699,557,000
License taxes$476,434,000
Income taxes$10,511,490,000
Other taxes$393,994,000
General sales and gross receipts taxes$4,530,509,000
Selective sales and gross receipts taxes$3,169,048,000
Alcoholic beverages sales tax$63,211,000
Amusements sales tax$275,266,000
Insurance premiums sales tax$209,026,000
Motor fuels sales tax$487,327,000
Pari-mutuels sales tax$3,937,000
Public utilities sales tax$261,184,000
Tobacco products sales tax$376,814,000
Other selective sales and gross receipts taxes$1,492,283,000
Alcoholic beverages license$13,968,000
Amusements license$230,000
Corporations in general license$30,705,000
Hunting and fishing license$5,754,000
Motor vehicle license$238,351,000
Motor vehicle operators license$42,816,000
Public utilities license$0
Occupation and business license, nec$141,008,000
Other license taxes$3,602,000
Individual income taxes$9,733,258,000
Corporations net income taxes$778,232,000
Death and gift taxes$223,789,000
Documentary and stock transfer taxes$169,695,000
Severance taxes$0
Taxes, nec$510,000

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS