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Study: CT Taxpayers Wait Longer for “Tax Freedom Day” Than All Other States

April 18, 2017 By Staff
Study: CT Taxpayers Wait Longer for “Tax Freedom Day” Than All Other States

The nonpartisan Tax Foundation's 2017 study found Connecticut is last among the 50 states (and D.C.) in achieving 'tax freedom.'

April 18 is Tax Day, the deadline for Americans to submit their tax returns. The Tax Foundation is out with a new post on Tax Day, reminding Americans where their state stands on “Tax Freedom.” Unfortunately for Connecticut taxpayers, the Nutmeg State is dead last.

WHAT IS “TAX FREEDOM”?

According to the Tax Foundation, “Tax Freedom Day” is the day taxpayers in a particular state “has earned enough money to pay its total tax bill for the year.”

The nation’s “Tax Freedom Day” is April 23 this year.

CT’S “TAX FREEDOM”

Connecticut ranks low on “Tax Freedom Day,” according to the Tax Foundation. Very low.

The Nutmeg State is last among the 50 states (and Washington, D.C.) in its “Tax Freedom Day,” which falls on May 21. The next closest state, New Jersey, achieves tax freedom more than a week earlier, on May 13.

MORE COMING?

The budget of Gov. Dan Malloy (D-Conn.) does not raise many taxes, but liberals and Big Labor are advocating for tax increases on businesses, tolls, and even a higher sales tax.

The budget season is long, but some groups will pressure Malloy and liberal leadership to sign off on more tax increases in Connecticut. That may push the state’s “Tax Freedom Day” even later into the year.