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New Jersey Doubles Down on Chasing the Rich Away #15258517 09/26/20
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IndyCA35 Offline OP
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About 4 years ago, billionaire David Tepper left New Jersey and moved to Florida.

New Jersey instantly lost hundreds of millions of dollars every year in tax revenue just from this one guy.

But it wasn’t only Tepper fleeing New Jersey’s 8.97% income tax rate. In 2018, for example, New Jersey lost 5,700 millionaires.

Not coincidentally, 2018 was the same year that New Jersey hiked it’s income tax rate to 10.75% for those earning more than $5 million.

And now, with a massive government budget shortfall thanks to COVID shutdowns, New Jersey will double down on its bad idea.

They didn’t learn their lesson in 2018… so now the state will increase its tax rate to 10.75% for everyone earning more than $1 million per year.

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Electing Biden to provide "moral clarity" is like hiring Jesse James to improve bank security.
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Re: New Jersey Doubles Down on Chasing the Rich Away [Re: IndyCA35] #15258532 09/26/20
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JeffyD Online Content
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Governor Beaver Teeth is chasing millionaires (and the jobs they create) out of the State, and giving the red carpet treatment to illegals, catering to their every need. Hopeless situation.


"No good deed shall go unpunished!"
Re: New Jersey Doubles Down on Chasing the Rich Away [Re: IndyCA35] #15259721 09/26/20
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Sako76 Online Content
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Yup, Murphy is a dick!

Re: New Jersey Doubles Down on Chasing the Rich Away [Re: IndyCA35] #15259829 09/26/20
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jdunham Online Content
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Expect more of that from brilliant Democratic politicians. I can't wait to see how Cuomo is going to raise taxes to try and fix his mess. Should be epic.


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