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Connecticut has a 6.35% sales tax, raised from 6 percent effective July 1, 2011, 6.25% to the state, 0% to the county and 0.1% to the city/town. [77] Most non-prepared food products are exempt, as are prescription medications, all internet services, all magazine and newspaper subscriptions, and textbooks (for college students only). [78]
In theory, there are two main benefits derived from salary caps – promotion of parity between teams, and control of costs. [5] [6] [7]Primarily, an effective salary cap prevents wealthy teams from certain destructive behaviours such as signing a multitude of high-paid star players to prevent their rivals from accessing these players, and ensuring victory through superior economic power.
A total of 51,413 (55.25%) voted in favor of home rule, while another 41,639 (44.75%) voted against the move. This vote was the direct result of the corruption, wasteful spending, higher property taxes, and out-of-control debt facing the county. [ 43 ]
The companies agreed to a $8.5 billion deal in August 2023 that would have united Capri, the maker of Versace, Jimmy Choo and Michael Kors shoes, handbags and accessories, with Tapestry, which ...
In 2007, the top 20% of the wealthiest Americans possessed 80% of all financial assets. [14] In 2007, the richest 1% of the American population owned 35% of the country's total wealth, and the next 19% owned 51%. The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%.