Ernst & Young

Not Buying It, Gov. Scott

Connecticut businesses should not be seduced by the invitation by Florida Gov. Rick Scott to “come to Florida” [courant.com, June 19, “Gov. Rick Scott To Connecticut: 'Give Up, Capitulate' And Move To Florida”].

Nonpartisan analysis by the accounting firm Ernst & Young for the Council on State Taxation has demonstrated that the total effective tax rate on business in Florida is higher than the national average, while Connecticut’s TEBTR is the lowest in the country. The TEBTR is calculated as total state and local taxes divided by private-sector gross state product.

Perhaps more telling, business’s share of all state and local taxes in Florida (paid by all taxpayers,...

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