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What's worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.
Overall, the ex-New Yorkers earn about 13 percent more than those who moved into the state, the study found.
New Jersey's reputation for heavy taxes was burnished Tuesday when it was named the worst state in two annual surveys by the nonprofit, nonpartisan Tax Foundation.
The foundation's annual State Business Tax Climate Index found the state's tax structure was the least hospitable to economic growth, and its survey of census data on property taxes found New Jersey's were tops in the nation.
From 2000 to 2008, nearly 800,000 households moved from New Jersey to another state, taking $57.7 billion in adjusted gross income out of New Jersey, according to data from the Internal Revenue Service. The dollars for those years were adjusted for inflation.
Countering that exodus was an influx from other states of some 636,000 households and $45 billion in adjusted gross income, in 2008 dollars. On balance, New Jersey had a net loss of 163,000 households and $12.8 billion in gross income, adjusted for inflation. The $12.8 billion figure represents about 4 percent of New Jersey's total taxable income.
They leave, as is happening in New York right now:
Tax refugees staging escape from New York
What's worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.
Overall, the ex-New Yorkers earn about 13 percent more than those who moved into the state, the study found.
Keep talking about squeezing people with higher taxes and you see them start to leave the country, not just a state.
What happens when you excessivily tax people?
What happens when you excessivily tax people?
They leave, as is happening in New York right now:
Tax refugees staging escape from New York
What's worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.
Overall, the ex-New Yorkers earn about 13 percent more than those who moved into the state, the study found.
Keep talking about squeezing people with higher taxes and you see them start to leave the country, not just a state.
What happens when you excessivily tax people?
Well, if you're a smart voter, you remember that come election time and vote accordingly.
Barry can find those rich bastards wherever they go-----take from the rich states and give to the poor ones.They leave, as is happening in New York right now:
Tax refugees staging escape from New York
What's worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.
Overall, the ex-New Yorkers earn about 13 percent more than those who moved into the state, the study found.
Keep talking about squeezing people with higher taxes and you see them start to leave the country, not just a state.
Amazing, isn't it? Gonna be kind of difficult to get the middle class and poor to pay for all their entitlement programs...
Barry can find those rich bastards wherever they go-----take from the rich states and give to the poor ones.They leave, as is happening in New York right now:
Tax refugees staging escape from New York
Keep talking about squeezing people with higher taxes and you see them start to leave the country, not just a state.
Amazing, isn't it? Gonna be kind of difficult to get the middle class and poor to pay for all their entitlement programs...
Well they can move all they want to but eventually there won't be any place to move to. Out of the Country, but they I bet will still be taxed up the ying yang.
The only way out of this mess is to delete all social programs! And I mean every f'ing one. It is time this country learns tough love, survival of the fittest
Barry can find those rich bastards wherever they go-----take from the rich states and give to the poor ones.They leave, as is happening in New York right now:
Tax refugees staging escape from New York
Keep talking about squeezing people with higher taxes and you see them start to leave the country, not just a state.
Amazing, isn't it? Gonna be kind of difficult to get the middle class and poor to pay for all their entitlement programs...
We can safely say that it's proof that welfare doesn't work. If it did, those states wouldn't need socialist benevolent patronage anymore.Ah yes, take from the rich states and give to the poor ones. Interesting that the states that have a negative flow with the federal government, that is, they send more money there than they get back, are almost all blue states. The ones with the positive cash flow, they get more money from the federal government than they send in, are almost all red.
I guess we can safely say the the Conservatives are far more parasitical than the liberals.
Barry can find those rich bastards wherever they go-----take from the rich states and give to the poor ones.Amazing, isn't it? Gonna be kind of difficult to get the middle class and poor to pay for all their entitlement programs...
Ah yes, take from the rich states and give to the poor ones. Interesting that the states that have a negative flow with the federal government, that is, they send more money there than they get back, are almost all blue states. The ones with the positive cash flow, they get more money from the federal government than they send in, are almost all red.
I guess we can safely say the the Conservatives are far more parasitical than the liberals.
I read this and was surprised that so many came to Jersey. NJ is actually experiencing the same thing.
New Jersey's reputation for heavy taxes was burnished Tuesday when it was named the worst state in two annual surveys by the nonprofit, nonpartisan Tax Foundation.
The foundation's annual State Business Tax Climate Index found the state's tax structure was the least hospitable to economic growth, and its survey of census data on property taxes found New Jersey's were tops in the nation.
From 2000 to 2008, nearly 800,000 households moved from New Jersey to another state, taking $57.7 billion in adjusted gross income out of New Jersey, according to data from the Internal Revenue Service. The dollars for those years were adjusted for inflation.
Countering that exodus was an influx from other states of some 636,000 households and $45 billion in adjusted gross income, in 2008 dollars. On balance, New Jersey had a net loss of 163,000 households and $12.8 billion in gross income, adjusted for inflation. The $12.8 billion figure represents about 4 percent of New Jersey's total taxable income.
And guess what? I have a feeling the tipping point has been met. Illegals and freeloaders may be over 50%. Our corrupt socialist governor may just be re-elected on Tuesday. PRAY FOR US!
