| Economic Outlook Data |
|
Overall Outlook Rank
|
44th
|
37th
|
|
Top Marginal Personal Income Tax Rate
|
6.99%
|
9.00%
|
|
Top Marginal Corporate Income Tax Rate
|
7.50%
|
8.00%
|
|
Personal Income Tax Progressivity
(change in tax liability per $1,000 of income)
|
$11.67
|
$2.93
|
|
Property Tax Burden
(per $1,000 of personal income)
|
$41.29
|
$36.11
|
|
Sales Tax Burden
(per $1,000 of personal income)
|
$17.66
|
$15.04
|
|
Remaining Tax Burden
(per $1,000 of personal income)
|
$14.49
|
$11.81
|
|
Estate / Inheritance Tax Levied?
|
Yes
|
Yes
|
|
Recently Legislated Tax Changes
|
-$0.76
|
$0.00
|
|
Debt Service as a Share of Tax Revenue
|
5.36%
|
5.14%
|
|
Public Employees Per 10,000 of Population
(full-time equivalent)
|
506.8
|
508.6
|
|
State Liability System Costs
(as a share of state GDP)
|
2.27%
|
1.82%
|
|
State Minimum Wage
(federal floor is $7.25)
|
$16.35
|
$15.00
|
|
Average Workers' Compensation Costs
(per $100 of payroll)
|
$1.64
|
$1.05
|
|
Right-to-Work State?
(option to join or support a union)
|
No
|
No
|
|
Tax Expenditure Limits
|
1
|
1
|
| Economic Performance Data |
| Overall Performance Rank |
48
|
27
|
| State Gross Domestic Product |
43.80%
|
62.69%
|
| Absolute Domestic Migration |
-170,538
|
-297,153
|
| Non-Farm Payroll Employment |
2.05%
|
9.38%
|
|
Connecticut Profile
|
Massachusetts Profile
|
