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9% is if income is over $500K. california taxes 9% over $40K. maine taxes 8.5% over $17K.
and fla, nevada, wyoming, NH, texas,alaska, s dakota and tennesee don't have income taxes. and with top rates of around 3% del and pa are real close by, guess where people who have high incomes are moving to
more info from the tax foundation website:
Research Areas
New Jersey
The Facts on New Jersey’s Tax Climate
Here are some basic facts on New Jersey’s tax system and how it compares to other states:
Tax Freedom Day Arrived on May 10th in New Jersey
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2007, New Jersey taxpayers had to work until May 10th to pay their total tax bill, ranking them 3rd highest in the nation. This is over a week later than national Tax Freedom Day (April 30th). The Tax Freedom Days of the neighboring states were: New York, May 16th (ranked 2nd nationally), Pennsylvania, April 27th (ranked 21st nationally), and Delaware, April 24th (ranked 25th nationally).
Full study of Tax Freedom Day, nationwide and in each state
New Jersey's State/Local Tax Burden Among Nation's Highest
Estimated at 11.6% of income, New Jersey's state/local tax burden percentage ranks 10th highest nationally, above the national average of 11.0%. New Jersey tax payers pay $5,991 per-capita in state and local taxes, and per capita state income is $51,605.
New Jersey's State-Local Tax Burden, 1970-Present
New Jersey's 2007 Business Tax Climate Ranks 48th
New Jersey ranks 48th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes; individual income taxes; sales taxes; unemployment insurance taxes; and taxes on property, including residential and commercial property. Neighboring states ranked as follows: New York (47th), Pennsylvania (22nd) and Delaware (9th).
50-State Comparison of Business Tax Climates
New Jersey's Individual Income Tax System
New Jersey's personal income tax system consists of six brackets and a top rate of 8.97% kicking in at an income level of $500,000. Among states levying personal income taxes, New Jersey's top rate ranks 6th highest nationally. New Jersey's 2004 individual income tax collections were $852 per person, which ranked 16th highest nationally.
50-State Table of Individual Income Tax Rates
New Jersey's Corporate Income Tax System
New Jersey's corporate tax structure consists of a flat 9% on corporate income. However, corporations with total net income of $100,000 or less pay 7.5%. Moreover, corporations with total net income of $50,000 or under pay 6.5%. Among states levying corporate income taxes, New Jersey's top tax rate ranks 7th highest nationally. In 2004, corporate tax collections reached $218 per capita, ranking the state 5th highest nationally.
50-State Table of Corporate Income Tax Rates
New Jersey Sales Taxes Among Highest in Nation; Cigarette Tax, Nation's Highest
New Jersey levies a 7% general sales or use tax on consumers, which is well above the national median of 5%. State and local governments combined collect approximately $721 per capita in general sales taxes, ranking 31st highest nationally. New Jersey's gasoline tax stands at 14.5 cents per gallon and ranks 4th lowest nationally. New Jersey's cigarette tax stands at $2.575 per pack of twenty, which is the highest cigarette tax in the nation. The sales tax was adopted in 1966, the gasoline tax in 1927 and the cigarette tax in 1948.
50-State Table of Sales and Excise Tax Rates
New Jersey Property Taxes: Highest Per Capita in the Nation
New Jersey is one of the 37 states that collect property taxes at both the state and local levels. As in most states, local governments collect far more. New Jersey's localities collected $18,225,594,000 in property taxes in fiscal year 2004, which is the latest year the Census Bureau published state-by-state property tax collections. At the state level, New Jersey collected $3,660,000 in property taxes during FY 2004, making its combined state/local property taxes $18,229,254,000. At $2,099, New Jersey's combined per capita collections were the highest in the nation.
State property tax collections per capita by state
Federal Tax Burdens and Expenditures: New Jersey is a Donor State
New Jersey taxpayers receive less federal funding per dollar of federal taxes paid than any other state. Per dollar of federal tax paid in 2004, New Jersey citizens received approximately $0.55 in the way of federal spending. This represents a decline from 1992 when New Jersey received $0.66 per dollar of taxes in federal spending (also ranked lowest). Neighboring states and the amount of federal spending they received per dollar of federal taxation paid were as follows: New York ($0.79), Pennsylvania ($1.06), and Delaware ($0.79).
Comparing the amount of federal taxes sent to Washington with the amount of federal spending coming back to the state
and fla, nevada, wyoming, NH, texas,alaska, s dakota and tennesee don't have income taxes. and with top rates of around 3% del and pa are real close by, guess where people who have high incomes are moving to
more info from the tax foundation website:
Research Areas
New Jersey
The Facts on New Jersey’s Tax Climate
Here are some basic facts on New Jersey’s tax system and how it compares to other states:
Tax Freedom Day Arrived on May 10th in New Jersey
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2007, New Jersey taxpayers had to work until May 10th to pay their total tax bill, ranking them 3rd highest in the nation. This is over a week later than national Tax Freedom Day (April 30th). The Tax Freedom Days of the neighboring states were: New York, May 16th (ranked 2nd nationally), Pennsylvania, April 27th (ranked 21st nationally), and Delaware, April 24th (ranked 25th nationally).
Full study of Tax Freedom Day, nationwide and in each state
New Jersey's State/Local Tax Burden Among Nation's Highest
Estimated at 11.6% of income, New Jersey's state/local tax burden percentage ranks 10th highest nationally, above the national average of 11.0%. New Jersey tax payers pay $5,991 per-capita in state and local taxes, and per capita state income is $51,605.
New Jersey's State-Local Tax Burden, 1970-Present
New Jersey's 2007 Business Tax Climate Ranks 48th
New Jersey ranks 48th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes; individual income taxes; sales taxes; unemployment insurance taxes; and taxes on property, including residential and commercial property. Neighboring states ranked as follows: New York (47th), Pennsylvania (22nd) and Delaware (9th).
50-State Comparison of Business Tax Climates
New Jersey's Individual Income Tax System
New Jersey's personal income tax system consists of six brackets and a top rate of 8.97% kicking in at an income level of $500,000. Among states levying personal income taxes, New Jersey's top rate ranks 6th highest nationally. New Jersey's 2004 individual income tax collections were $852 per person, which ranked 16th highest nationally.
50-State Table of Individual Income Tax Rates
New Jersey's Corporate Income Tax System
New Jersey's corporate tax structure consists of a flat 9% on corporate income. However, corporations with total net income of $100,000 or less pay 7.5%. Moreover, corporations with total net income of $50,000 or under pay 6.5%. Among states levying corporate income taxes, New Jersey's top tax rate ranks 7th highest nationally. In 2004, corporate tax collections reached $218 per capita, ranking the state 5th highest nationally.
50-State Table of Corporate Income Tax Rates
New Jersey Sales Taxes Among Highest in Nation; Cigarette Tax, Nation's Highest
New Jersey levies a 7% general sales or use tax on consumers, which is well above the national median of 5%. State and local governments combined collect approximately $721 per capita in general sales taxes, ranking 31st highest nationally. New Jersey's gasoline tax stands at 14.5 cents per gallon and ranks 4th lowest nationally. New Jersey's cigarette tax stands at $2.575 per pack of twenty, which is the highest cigarette tax in the nation. The sales tax was adopted in 1966, the gasoline tax in 1927 and the cigarette tax in 1948.
50-State Table of Sales and Excise Tax Rates
New Jersey Property Taxes: Highest Per Capita in the Nation
New Jersey is one of the 37 states that collect property taxes at both the state and local levels. As in most states, local governments collect far more. New Jersey's localities collected $18,225,594,000 in property taxes in fiscal year 2004, which is the latest year the Census Bureau published state-by-state property tax collections. At the state level, New Jersey collected $3,660,000 in property taxes during FY 2004, making its combined state/local property taxes $18,229,254,000. At $2,099, New Jersey's combined per capita collections were the highest in the nation.
State property tax collections per capita by state
Federal Tax Burdens and Expenditures: New Jersey is a Donor State
New Jersey taxpayers receive less federal funding per dollar of federal taxes paid than any other state. Per dollar of federal tax paid in 2004, New Jersey citizens received approximately $0.55 in the way of federal spending. This represents a decline from 1992 when New Jersey received $0.66 per dollar of taxes in federal spending (also ranked lowest). Neighboring states and the amount of federal spending they received per dollar of federal taxation paid were as follows: New York ($0.79), Pennsylvania ($1.06), and Delaware ($0.79).
Comparing the amount of federal taxes sent to Washington with the amount of federal spending coming back to the state
yeah, ok. i know this. i'm merely posting facts about tax burden vis a vis income. NJ is 14. i do realize it's much more fun to complain, so i'll let the bitchfest continue.
Didn't he tell you? He didn't mean people "people", he meant union people. What else would one expect from corslime?
Don't forget public sector workers, as well. That's a core constituency. I've heard people here laud several European nations and their benefits that result from a socialist style government. New Jersey is somewhat different: New Jersey has socialism for public employees. The rest of you suckers have to pay the bill.
Don't forget public sector workers, as well. That's a core constituency. I've heard people here laud several European nations and their benefits that result from a socialist style government. New Jersey is somewhat different: New Jersey has socialism for public employees. The rest of you suckers have to pay the bill.
As far as I'm concerned - Hopefully not for long.
I'm tired of A LOT of things about the NJ attitude and rat race just so then to "get the privilege" to wake up breathing the next morning to start all over again.
Discrimination is everywhere, but sometimes I think NJ is near the top.
NJ didn't slip from the top 10 because it's losing people. It added 300,000 people between 2000 and 2006 (3.7% growth). Which is quite a feat considering that there really aren't many places to left to build. PA, which a lot of people here seem to get really excited about, grew by 1.3% during the same period.
NC grew at a pace of 10%. Just don't ask anyone about the schools . . . or violent crime . . . or the grinding poverty - rural and urban.
A lot of people from NJ move to Raleigh or Delaware or wherever and they have a great time of it . . . because they have no mortgage when they move there. That's the only way they can afford a lifestyle the same or better than the one they had in NJ - because they cashed out to reap the rewards of what they built in NJ.
I don't fault people for doing it. I'm just saying that I've been to the other side and the grass may look greener from here but in reality it's brown from May 'til October.
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