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It may not come as a surprise, but Connecticut is among the most taxing states for people to live and retire in, an article from Bloomberg reveals.
Connecticut, Bloomberg reports, collects the third-highest property taxes per capita at $2,381. It's also one of 14 states to tax Social Security income. Residents pay 5 percent in income taxes and since July, 6.35 percent in sales taxes. An additional 3 percentage-point tax was placed on luxury items, such as cars and boats.
There's also a 7.2 percent to 16 percent inheritance tax, with a $2 million exemption, Bloomberg reports.
These high taxes are paired with the nation's highest income per capita $56,001 per person in 2010, the Bureau of Economic Analysis reported.
To see how Connecticut compares to other states, read the Bloomberg report here.
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