tax foundation

It’s Tough To Stay A Millionaire in NJ
It’s Tough To Stay A Millionaire in NJ
It’s Tough To Stay A Millionaire in NJ
Tomorrow, the New Jersey Senate and Assembly are scheduled to consider bill to increase the income tax on the state’s roughly 16,000 millionaires. Democrats say the $800 million generated through the increase would help fund property tax relief for the middle class. A new study by the Tax Foundation suggests taxing the rich is not a good idea.