March 25, 2015

The Bergen Record: Why NJ Ends up on Those ‘Worst Place” Lists

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On the other hand, that’s just a little higher than the 10 percent paid by low earners in the state – making New Jersey one of the most fair states in terms of how the tax burden is shared by low and high earners, according to the Institute on Taxation and Economic Policy, which supplied the numbers used by WalletHub. In most states, wealthier taxpayers pay a significantly smaller percentage of their incomes in taxes than their less affluent neighbors, often because there is no progressive income tax in many states, WalletHub said.

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