A couple weeks ago, while facing questions over his wife’s investments, Gov. Ned Lamont said Anne Lamont was in Nashville, Tennessee setting up businesses there because it was easier than setting up a business here […]
Tax Foundation
Connecticut has one of the highest gasoline taxes in the country, according to a new report released by the Tax Foundation, which used 2018 data gathered by the American Petroleum Institute.
“Changes intended to make tax collections more stable, combined with constraints intended to promote fiscal prudence, have strayed far wide of the mark.”
Tax Foundation’s annual ranking of states based on state and local tax collection placed Connecticut second in the nation, trailing only New York, for the most money collected per resident.
Connecticut has the second highest tax burden in the nation, according to a new report by 24/7 Wall Street, which used data from the Tax Foundation.
Connecticut ranked behind New Jersey, but ahead of New York, which placed dead last in the country for its tax burden.
Connecticut slid backwards in the Tax Foundation’s annual ranking of states based on their business tax climate.
Connecticut ranked 44th in the nation - one ranking lower than last year - and far behind Massachusetts, which ranked 22nd in the nation. Connecticut, however, did beat out New York and New Jersey.
In 2017, facing a $220 million out-year budget deficit, Gov. Dannel Malloy proposed a one-dollar per month surcharge for cellphone use, which quickly raised eyebrows throughout the state. The cellphone surcharge would be in addition […]
Everyone knows that living in Connecticut is expensive, but how far will $100 get you in the Nutmeg State?
A state-by-state study conducted by the Tax Foundation purports to answer that very question. Using the 2014 price index from the U.S. Bureau of Economic Analysis, the Tax Foundation found that in Connecticut $100 only translates to $91.91 in actual purchasing power.
Connecticut remains dead last in the nation for the Tax Foundation’s annual Tax Freedom Day report, which calculates when the residents of each state have collectively made enough money to pay all their tax bills.
For Connecticut that day is May 21, one full week later than New Jersey and ten days later than New York.
When it comes to taxes, Connecticut is just plain naughty. The state’s personal income, corporate income, sales, and property taxes are all among the highest in the nation. Additionally, to fuel a multi-decade habit of reckless spending, Connecticut burdens both individuals and businesses with all sorts of fees, surcharges, and the like. It would be nice if lawmakers and public officials worked to control spending enough to enact a nicer tax code.
