New Jersey Online: N.J. low- and middle-income families pay larger share of income in state taxes,
media mention“New Jersey’s poor and middle-class families pay a larger share of their income in taxes than the rich, but the tax structure is more progressive than three-quarters of the states, according to a study released today.
While the state’s progressive income taxes charge the wealthy a higher rate, property, sales and gasoline taxes consume a larger portion of low-income households’ pay, according to the report from left-leaning think tank New Jersey Policy Perspective and the Washington-based Institute on Taxation and Economic Policy.”