New Jersey is suffering an absolute economic hemorrhage, and Trenton is driving the exodus.
New IRS data reveals NJ has bled a staggering $48.25 BILLION in taxable income since 2004 as residents and businesses flee our crushing tax structure. Just last year, another $2.8 billion walked out the door to states like Florida and Pennsylvania.
When you boast the highest corporate tax rate in America (11.5%), this is what happens: large employers like Samsung pack up their headquarters and move to Texas, taking massive wealth, top talent, and jobs with them.
NJ Dems never consider tax rate cuts to compete regionally or nationally. You cannot tax a state into prosperity. We are actively funding the growth of lower-tax states while leaving Jersey taxpayers to hold the bag for an unsustainable fiscal model.
Enough is enough. It’s time to stop the bleeding, reform the tax code, and make NJ affordable again. 🛑📉
#NJPolitics #NJTax #FiscalResponsibility #EconomicExodus #TaxRelief
@OneJerseySchorr One way to make housing more affordable for all is to lower the sodomizing property taxes. The state is not far from the theshold of $12k per year or $1000 per month for the privilege to live in a home that the govt will take from you if you fail to pay the forced fee.
@GovSherrillNJ Real action would be doing something about the highest property taxes in the country. No citizen should be paying a mortgage in taxes to the govt when you are giving $7b to illegals. GFY.
@OneJerseySchorr@PatrickDiegnan is an a$$hole and eejit. He is saying let’s make those financially sodomized citizens wait in long lines and suffer more costs to drive a car.
@NJAssemblyGOP@GovSherrillNJ “The deal looks to offer wins to Sherrill, Coughlin and Senate President Nicholas Scutari.” No where does it mention wins for affordability, like taxes or electricity