May 8, 2008

May 8, 2008 is coming. And it can not come too soon. For in Connecticut it represents Tax Freedom Day, a mere 129 days into the year that we have to work to pay for our taxes. 36% of our year we work to pay for our local, state and federal tax burden at a mere 38.3% per capita of income. To restate this we work over 1/3 of the year to see more than 1/3 of our salaries go to pay the highest tax burden in the country. And our state legislature again ignored any type of tax relief in this session. Highest taxed state in the country along with a do nothing, know nothing, see nothing state legislature. The ultimate result will continue to be a constant outflow of businesses out of the state and citizens fleeing. I am sure our state legislature is proud of that.