Connecticut provides a fantastic case study in a state moving progressive on taxation…
… too bad it’s not studied more. (Maybe because academics know what they’ll find.) Anyway, it now takes the most-taxed award:
Connecticut received the dubious honor on Sept. 29 of displacing New Jersey as the state with the highest taxpayer burden, according to a new “Financial State of the States” report from Truth-in-Accounting (TIA).
Illinois, Massachusetts, and Hawaii follow in the 48th, 47th, and 46th positions among the nation’s 50 states, as calculated by the Chicago-based nonprofit that tracks government spending and debt at the metropolitan, state, and federal levels.
Each Connecticut resident’s share of the Nutmeg State’s total outstanding debt is $62,500, compared to $58,300 for New Jersey, $57,000 for Illinois, $38,100 for Massachusetts, and $37,000 for Hawaii.