Connecticut is Number One!

Unfortunately, it isn’t a sports statistic. According to the Tax Foundation, Tax Freedom Day (the calculated date citizens have earned enough to pay their annual tax obligation and begin keeping what they earn) occurs nationally on April 23rd this year.

Unfortunately for Connecticut residents, it will be a little longer for us.  According to their recent study, the average tax burden as a percentage of income for Connecticut residents is at 30.8%, and we have the latest Tax Freedom Day of May 8th, 2008, of any state.

Ironically, that is the very day after the General Assembly adjourns.  So, right after the House and Senate are done with their business, you can keep your own money.  Literally.

You can view the full report here.

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