New Jersey's reputation as a tax hell just got worse.High taxes mean destruction of the middle class.
The $1.9 billion worth of tax increases in the state's new budget represents a 5 percent increase over last year, far outpacing any other state, according to a study by the National Conference of State Legislators.
New Jersey now has the highest state sales tax, tied with three other states, at 7 percent. Its cigarette tax now leads in the nation. And, of course, this all comes on top of the nation's highest average property taxes.
It's no wonder people like Donley Kuendel are thinking of leaving.
"The quality of life is going down about as fast as taxes are going up," said Kuendel, 50, of Atlantic Highlands. He and his wife are looking at houses in Delaware, where there is no sales tax, no income tax and property taxes are relatively low.
He's not much impressed by the Legislature's current efforts to come up with tax-cutting plans.
"I just can't see how you are going to get relief in this state," he said.
The National Conference of State Legislatures report found the national trend is toward keeping state tax increases at a minimum, or even cutting them. South Carolina and Texas this year raised taxes a little more than 1 percentage point; five states (Arizona, Nebraska, Oklahoma, Utah and Wyoming) cut taxes by more than a penny on each dollar. The rest made only slight changes.
Monday, August 28, 2006
New Jersey Taxes Cause People To Leave
The Star-Ledger reports: