New Jersey perennially has been one of the losers in the flow of people from one state to another.
As Susanne Cervenka recently wrote for the Asbury Park Press, “The numbers are so concerning to New Jersey business leaders that they have championed a campaign to make the state more affordable for its residents and more attractive to out-of-state residents on the move.”
The Garden State saw a net decrease — the difference between the number of people that moved into and out of the state — of roughly 33,700 people, costing New Jersey $2.6 billion in taxable income between 2014 and 2015, according to a USA Today Network analysis of IRS migration data.
“We are at the bottom of every tax ranking. We have an affordability issue. We know why people are leaving,” Michele Siekerka, president and CEO of New Jersey Business and Industry Association.
N j one of the most densely populated states
great
this is a very
positive thing for an abundant tax dollars to be collected.
A simple way to make N J
be a financially fit state.
Sin taxes
all food and drink with sugars.
Increase tax on Alcohol and tobacco
Legalize cannibis like Colorado
with even higher taxes rates on products.
Prision reform
Work release programs
Release and employ non violent prisoners
All Drug offenders with minor offenses should be released.
State tax should be on spending not income
Seems pretty simple
Oh great, just what we need is legalized weed in New Jersey. Drug users cost employers a lot of money. So legalize weed and tax the stuff the Bloomberg crowd does not like–sugar, alcohol and tobacco? How about just cutting income taxes and working on spending less.
The new governor needs to revisit the pension exclusion legislation which was gutted by the Governor Christie. The new governor needs to restore the original law. The current law hypes the ability to increase an increasing amount of pension income over 4 years but limits higher earners from benefiting. New Jersey business needs people with spending power not just people who are making ends meet in this very expensive Great State of NJ. Once people realize the pension exclusion really excludes them they too will be running for the exits.