The Tax Foundation came out with its annual “Facts and Figures” report, and it has a very helpful on-line tool to look at New Jersey’s tax rates and burdens from just about any angle. We found the interactive chart presented below illuminating. Note that New Jersey ranks 44th when it comes to the state-and-local tax burden as a percentage of state income, with an overall burden of 11.7%. Note also that the bottom ten states are all traditional “blue” states.
New Jersey does even worse when it comes to the actual dollar burden that taxpayers must pay: New Jersey comes in 48th, trailing only New York and Connecticut. That’s $8,134 a year, or 41% higher than the US national average of $5,755. The numbers confirm that New Jersey is a very expensive state when it comes to taxes.
As the tax-raising Gov. Murphy said, if taxes are your number one issue, then New Jersey is probably not your state. Too bad if you already live here and can’t move.
State-Local Tax Burden as a Share of State Income
Total Tax Burden (per Capita)