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outmigration

Taxes on California’s High Earners Leads to Outmigration, Less Taxable Income

Oct11,2019
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In 2012, California increased marginal income tax rates by 3 percentage points for high-income households. Using data from the California Franchise Tax Board for all taxpayers from 2000-2015, Joshua Rauh and Ryan J. Shyu of Stanford Graduate School of Business found that an additional 0.8% of California residents whose 2012 income would have been in […]

NJ Leads US in Exporting College Students

Jul30,2018
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New Jersey is the nation’s top exporter of college students, and it doesn’t draw nearly as many from other states to fill the gap. Today’s Philadelphia Inquirer, citing data from the National Center for Education Statistics and a recent NJBIA report on the outmigration of millennials, explores some of the reasons why college-bound high school […]

“The Stories Our Members Share with Us”

Jun20,2018
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Moving their businesses out of New Jersey is a growing imperative among companies who belong to NJBIA, and the budget debate is only making things worse. Testifying before both the Senate Budget and Appropriations Committee and the Assembly Budget Committee on Tuesday, Siekerka related two stories NJBIA member companies had recently shared with her: “One […]

NJBIA Opposes Legislation Increasing Corporate Business Tax

Jun19,2018
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The New Jersey Business & Industry Association opposed legislation proposed today that calls for an increase in the Corporate Business Tax as part of the FY2019 budget plan. NJBIA President and CEO Michele N. Siekerka Esq. delivered the following testimonies for bill S-2746/A-4202 during today’s Senate Budget and Appropriations and Assembly Budget committee meetings. “Good […]

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