Jan 06

The Rich Flee Connecticut

Connecticut politicians have been raising taxes and increasing regulations for a generation.

Now people with high incomes are fleeing the State. They have taken some $6 billion with them. See here.

Many Connecticut expatriots are fleeing to nearby New York or to Florida. But those who left for state-income-tax-free Florida had an average annual income of $253,187.

The exodus of Connecticut’s rich population has left the high-taxing State with LOWER tax revenues than a year ago.