Wednesday, December 05, 2007
New Jersey's tax climate
The Tax Foundation issued an interesting study of the impact of state taxes on business. Residents of the Garden State will not be surprised to learn that New Jersey ranks 49th among the states for its "business climate," leading only the virtually inconsequential state of Rhode Island.
The largest states with favorable "business climate" ratings are Florida (ranked 5) and Texas (ranked 6), a result that will surprise neither critics nor supporters of the Bush family.
4 Comments:
By 
Viking Kaj, at
Wed Dec 05, 04:39:00 PM:
South Dakota and Alaska are in the top five, but I'm not aware of many major corporate relocations in the offing.
Jersey has just been spoiled for way too long. From what I can see they are still carving up more farmland all the time to make more warehouse space.
By 
, at
Wed Dec 05, 06:41:00 PM:
The argument is always made that being "business-friendly" comes at the expense of the lower-class, blood oiling the capitalist machine etc. Florida and Texas certainly have their bad areas, but doesn't New Jersey as well? If I'm not mistaking, Camden is routinely ranked as one of the most violent cities in America. Then comes the inevitable "schools" argument; I don't know what the state of public education is exactly in NJ, but I'm guessing that even if it's particularly good, it's only that way in the more affluent areas. Really, the "good" education probably refers to the private schools more than anything. Rutgers is not exactly a mecca of higher education either.
So where does all this tax revenue go? Of course we all know the answer: government bureaucracy and red-tape. In that respect (as I'm sure TH will attest), Jersey is in a class all its own.
By Purple Avenger, at
Wed Dec 05, 06:58:00 PM:
I've been personally boycotting NJ (and NYC) for about 10 years now. I flat out refuse to travel through those areas. I'll swing west through Harrisburg and up to Binghampton completely bypassing NJ and NYC.
By , at
Thu Dec 06, 11:03:00 AM:
As a long time Princeton resident, fearfully looking at the deadly combination of a state "millionaires" income tax increase, aimed squarely at Sub-S business owners like me, and an upcoming property tax revaluation in the borough, I and my neighbors are being forced to recognize there is only one solution to the NJ tax problem.
Andrew
