New Jersey Policy Perspective: Busting the Myth-cnbnews.net
Tuesday, June 28, 2011
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Busting the myth: The real numbers show N.J. is not the most overtaxed state in the nation
Tax Myth: New Jersey has the highest tax "burden" of any state in the nation.
Tax Fact: When it comes to state and local government, people who live in Wyoming pay a greater percentage of their income to taxes than do people who live in New Jersey.
In The Sunday Star-Ledger, New Jersey Policy Perspective dispels some of the persistent myths about state and local taxes in New Jersey. Analyzing unaltered data from the U.S. Census and the U.S. Department of Commerce, NJPP shows that residents of seven other states, as well as the District of Columbia, devote a higher percentage of their personal income to state and local taxes than do those of us who live in New Jersey. The highest tax state, as it turns out, is actually Wyoming.
Read NJPP's entire Perspective piece here and check out our tax data tables here. |