NJ has the highest taxes!
Hoboken411 reader plaintruthiness said this “epidemic” doesn’t just belong to Hoboken!
From the NY Times:
Report calls New Jersey no. 1 in high taxes
If paying taxes were an Olympic sport, New Jersey residents would be taking home the gold, according to a new report.
The Tax Foundation, a nonprofit research group in Washington that has kept tabs on taxes since the Great Depression, put New Jersey at the top of per capita taxes for a third year running.
The report confirmed what many residents have long felt in their pocketbooks.
“Really, we don’t see any reason why anybody would be surprised,” said William Ahern, a spokesman for the Tax Foundation, which favors lower taxes.
New Jersey residents pay an average of 11.8 percent of their income to taxes, just edging out New York at 11.7 percent, according to the report. Connecticut is third with 11.1 percent.
That New Jersey topped New York, which the Tax Foundation found had the highest taxes from the late 1970s through 2005, is “a travesty,” said Jerry Cantrell, president of the New Jersey Taxpayers’ Association.
The national average, according to the report, is 9.8 percent.
New Jersey eclipsed its eastern neighbor for the third year in a row in part because this year’s report factored in the amount of New York city and state taxes paid by Jersey residents who cross the Hudson for work, said Gerald Prante, the report’s author and a senior economist at the Tax Foundation.
“The tax decisions are not being made by New Jersey residents, but they still have to pay them,” he said.