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Report: Connecticut's Tax Burden Ranked Third Highest in U.S.

When state and local taxes are combined, Connecticut ranks below only New York and New Jersey.

Connecticut has the distinction of being one of just three states in the nation with a tax burden higher than 12 percent. Connecticut has ranked third for seven years in a row.

Since 2005, New York, New Jersey and Connecticut have occupied the top three spots in the Tax Foundation’s annual ranking of state and local taxes. The most recent data was compiled from the fiscal year 2010.

Resource-rich states typically fared the best on the list, as Alaska had the lowest tax burden by shifting taxes to non-residents.

 “Resource-rich states, such as Alaska and Wyoming, are only the most dramatic examples of tax exporting,” said Tax Foundation economist Elizabeth Malm, in a written statement.

“Major tourist destinations like Nevada and Florida are able to lower residents’ burden by taxing tourists, who are often nonresidents. Nationwide, over a quarter of all state and local taxes are collected from nonresidents.”

Although Connecticut has one of the highest sales tax rates in the country, a report from earlier this year states Connecticut actually ranks 31st because - unlike many other states - there is no local sales tax.

New England States Ranking Tax Burden Connecticut 3 12.3 percent Rhode Island 6 10.6 percent Massachusetts 8 10.4 percent Maine 9 10.3 percent Vermont 13 10.1 percent New Hampshire 44 8.1.
RAYMOND PELLAND October 26, 2012 at 04:36 PM
IF YOU LIVE IN CONN MOVE TO FLORIDA
Fake Mr. Fuji October 27, 2012 at 02:45 AM
So what's wrong with that? We love taxes in Connecticut. Everything's great here. We're on our very own moonbat cluster up here in new England/tri state area. We're proud to be dead center of the douche nucleus. But Norwich now has a Little Caesars so it's all good.
jane October 27, 2012 at 09:32 AM
CT ranks 40th in business taxes. Guess we just have to decide where the best return of the dollar is? CT needs a huge overhaul but it will never happen because the place to start is with the towns and politicians - but neither one will ever give up their powers for the benefit for all.

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