Connecticut taxes lag recovery: Index of Connecticut state taxes as a share of personal income, last four business cycles
| Time | 1981 | 1990 | 2001 | 2007 |
|---|---|---|---|---|
| -3 | 107 | 100.1071 | 115.755 | 94.974 |
| -2 | 105.9418 | 92.73828 | 112.0684 | 101.2417 |
| -1 | 99.68021 | 93.91452 | 108.1613 | 97.97202 |
| 0 | 100 | 100 | 100 | 100 |
| 1 | 104.7138 | 93.91481 | 91.1097 | 98.88474 |
| 2 | 106.0613 | 106.1204 | 94.26042 | 86.96681 |
| 3 | 115.1274 | 113.0027 | 96.89758 | 85.43694 |
| 4 | 122.6687 | 112.8229 | 103.2922 | 90.93233 |
| 5 | 123.8382 | 117.0152 | 99.95631 | 101.964 |
| 6 | 126.3578 | 116.8902 | 102.0254 | 107.108 |
| 7 | 117.0567 | 122.8007 | 102.2952 | |
| 8 | 118.5414 | 121.6795 | 101.2782 |
Source: Author’s analysis of Bureau of Economic Analysis National Income and Product Accounts (BEA various years) and U.S. Census Bureau public data (various years)