Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z

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Connecticut has the third-highest state gasoline tax in the country, behind California and New York, at 49.3 cents per gallon. It’s generally a high-tax jurisdiction, which is evident from its “tax freedom day,” representing how long a person would have to work into the year to have earned enough to pay all federal, state and local taxes. Connecticut has the latest such day of all states -- May 13, according to the Tax Foundation. Those high taxes also come with the highest income per capita -- $60,847 in 2013, according to preliminary numbers from the Bureau of Economic Analysis. Connecticut is one of 13 states that tax Social Security income.

*Exemption is $2 million.

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