What are the tax rates in Connecticut?

The tax rates in Connecticut vary depending on the type of tax being considered. For the state's personal income tax, there are seven tax brackets with rates ranging from 3% to 6.99% based on income levels. The corporate income tax rate is a flat 7.5%. Regarding sales tax, Connecticut levies a 6.35% tax on most retail sales of tangible goods and certain services. However, there are additional taxes on accommodations (15%), car rentals (9.35%), and prepared meals (7.35%). Furthermore, a luxury goods tax of 7.75% is imposed on clothing and footwear items priced above $1000. Local municipal taxes may also apply. It is essential to consult the Connecticut Department of Revenue Services or a tax professional to ensure accurate and up-to-date information.