Connecticut Taxpayers pay an incredible sum of their money on taxes
for the honor of living in free speech-squelched Connecticut. It seems to be getting higher
and higher. A new study released by wallethub.com
(wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416) this past
week ranks Connecticut as having the second highest local and state
taxes in the country. The report is a fascinating read on how a state
as small as Connecticut can have the second highest taxes in the
country. For example, the difference between the effective total state and local tax rates on median United States households is 14.80% while Connecticut's is 37.47%
higher than the average rate. However, Connecticut residents are used
to high taxes on mostly everything and anything in the state. Couple
that with seeing mind boggling short and long run state debt along with
unfunded liabilities that are well over $150 billion dollars and
rising! In the past, I have argued numerous times that Connecticut has a
massive spending problem due to huge political patronage in our
state government, along with 30-plus years of omnipotent one party rule
that places the party well being over the well being of the Connecticut
Taxpayer.
Connecticut residents pay a myriad of taxes
especially on income and personal property. As if a state income tax is
not enough, the state's Family Leave Act tax on income will have no
choice but to go up in the future as claims increase. Even though Ned
Lamont is dangling a minimal income tax cut for this budget it will be eclipsed by the runaway Democrat induced inflation that the economy has.
Property taxes are an excessive burden for those who own property in the
state, especially in Connecticut's large Democrat run cities. These
same cities have turned into cesspools of crime and murders. The state
tax statutes are an incredible, complex and incoherent read
of gibberish in the name of taxing literally every single thing in our lives.
From
an economics point of view I do not see why cuts in state spending can
not take place in proportion to cuts in state taxes? Why is this so
difficult? Connecticut is definitely a study in two different realms of
economic reality. The first is a harsh economic reality for those
legal residents who must toil daily to keep up with the excessive taxes
and high cost of living in the state. The second is the life of
luxury and ease for those who are politically connected and profit from
state government. Just look at the amount of political patronage jobs
in our state government. Just look at Ned Lamont's $54 million dollars
in secret undisclosed income he made while being a Governor. Just look at the
amount of money the state budget must spend each year for state employees salaries,
benefits, pensions and interest on the state debt. Sickening isn't it?
The solutions have always been simple but have never been advocated for. Cut
spending, cut taxes. Eliminate "quasi-publics" and "nonprofits" functioning as government assists, and have a 100% open records law. But by doing that, elected
officials would be giving up their economic power, their economic
supremacy, and their totalitarian economic rule over Connecticut and its
demeaned and degraded Taxpayers. These are the same Connecticut Taxpayers that
must support this economic failure called state government. Connecticut
has the second highest tax rate in the country and is trying for number
one. It should be successful in increasing its rank in the future due
to the current state of economic affairs. Please note that "Taxation
without Representation" is part of our history. It is worth reading
about as it is 1776 all over again.
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