Saturday, November 3, 2007

Who pays taxes in NJ?

While researching tax payments in NJ, I recently came across an interesting study from 2003 on who actually pays. The sad thing is that while it is always popular to think that various taxes soak the "rich" (whoever they are), in reality, it is the poorest in the state of NJ who pay. NJ ranks in the top ten of states who for regressively taxing the poor. See the whole article here.

The key taxes in this study are sales tax and property tax. Both are much higher than in 2003. So when we listen to politicians comment about who the tax man comes for...the answer is that he comes for.....ME!!!!!!!! Regardless of who I am.

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