Bloomberg BNA: For Better or for Worse? Tax Policy Changes in New Jersey
media mention“But gas taxes are also highly regressive, falling most heavily on low- and middle-income families. In this case, an analysis using the Institute on Taxation and Economic Policy microsimulation model shows the gas tax increase will average 0.54 percent of the incomes of New Jerseyans with incomes less than $25,000, while averaging 0.14 percent of income for those with incomes higher than $132,000.”
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