The Daily Journal: NJ’s tax system fairer than most
media mention“New Jersey’s state and local tax system is fairer than most states, but low- and middle-income residents still fork over a larger share of their income to taxes than the wealthy, according to a new study.
New Jersey Policy Perspective and the Institute on Taxation and Economic Policy authored the study. Despite New Jersey’s progressive income tax system, which charges much higher rates as income rises, sales and property taxes take a disproportionate tax bite at lower incomes, it said.”