The classical school emphasizes production of goods and services as the key focus of economic analysis. Neoclassical economics focuses on how individuals operate within an economy. As such, the neoclassical school emphasizes the exchange of goods and services as the key focus of economic analysis.. (Source : Difference Between Classical & Neoclassical Economics | eHow) Here's information about the dates of emergence of neoclassical economics:
A random sampling of other states indicates the issue is mixed. For example, Illinois taxes the equipment if it is used in a manufacturing process. In Maine, there is no exemption. In Connecticut, all fire safety equipment is exempt.
CONNECTICUT TAX ON PENSION INCOME. Except for Social Security, railroad retirement, and military retirement benefits, Connecticut ' s state income tax treats income from public and private pensions the same as any other income. The state has no other special exemptions for pension income.ONNECTICUT TAX ON PENSION INCOME. Except for Social Security, railroad retirement, and military retirement benefits, Connecticut ' s state income tax treats income from public and private pensions the same as any other income. The state has no other special exemptions for pension income.