[FONT="]Connecticut leads all states because it receives only 74 cents back for every dollar that residents pay in federal taxes. As one of only 10 states that pays more in federal taxes than it receives, Connecticut is known as a so-called "donor state'' that essentially helps other states that receive more than they send to Washington, D.C. The state receives relatively little money back from the federal government in public education grants and Medicaid, among others, as Fairfield County millionaires and billionaires pay large amounts of federal taxes.
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[FONT="]State officials now fear that the situation could get even worse because the 2017 federal tax law that was signed by President Donald Trump includes provisions for capping the deduction for state and local taxes at $10,000 per couple - making many Connecticut residents pay even more in federal taxes in a tax increase largely on the rich.
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[FONT="]State officials now fear that the situation could get even worse because the 2017 federal tax law that was signed by President Donald Trump includes provisions for capping the deduction for state and local taxes at $10,000 per couple - making many Connecticut residents pay even more in federal taxes in a tax increase largely on the rich.
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