Jersey’s budget crunch has many causes, but one of the underreported ones is the state’s high-reliance on high income wage earners. Despite what you might hear from groups pressing for even more tax increases on the top 10% of wage earners, NJ’s tax structure is already one of the most “progressive” in the nation. Following passage of NJ’s millionaire’s tax, 5,000 of said millionaire’s established residence elsewhere, and during down economic times the budget experiences unsustainable shortfall
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Maryland Goes on the Spending Spree
