Connecticut taxpayers rank 43rd in the nation when it comes to return for taxes paid, according to a new national study.
The ranking, supplied by WalletHub, could be worse. The state is ranked fourth worst in the country for overall per-capita taxes. That figure is offset by its seventh best ranking for overall government services.
Connecticut’s effective state and local tax rate on the median U.S. household income was 13.48 percent for an average of $7,262. According to Wallet Hub, Connecticut is ranked first nationally for water quality and No. 4 for percent of residents in poverty.
New Hampshire is considered the best state in the nation for return on investment. Its total per-capita tax rate is first with an overall government services ranking of 15.
Wallet Hub, a personal finance website, determines its rankings by contrasting state and local tax rates with the quality of the services provided within the following five categories: education, health, safety, economy, and, infrastructure and pollution.
