I hate New Jersey bruh

Ethnic Vagina Finder

Ethnic Vagina Finder

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North Jersey but I miss Cali :sadcam:
newworldafro said:
Jersey's rich folks fleeing the high taxes according to article... http://freebeacon.com/born-to-run-away-from-high-taxes/
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Born to Run Away From High Taxes
Report: New Jersey residents fleeing high tax burdens in the state

BY: Mary Lou Byrd
March 18, 2014 9:55 am

New Jersey’s high taxes may be costing the state billions of dollars a year in lost revenue as high-earning residents flee, according to a recent study.

The study, Exodus on the Parkway, was completed by Regent Atlantic last year but held for publication until after the November 2013 elections. The study stated it “intentionally” held its results “as 2014 is not an election year for state legislators” and it will “hopefully encourage a serious and objective dialogue aimed at addressing and solving the challenges that New Jersey currently faces.”

The study shows the state has been steadily losing high-net-worth residents since 2004, when Democratic Gov. Jim McGreevey signed the millionaire’s tax into law. The law raised the state income tax 41 percent on those earning $500,000 or more a year.

“The inception of this tax, coupled with New Jersey’s already high property and estate taxes, leaves no mystery about why the term ‘tax migration’ has become a buzzword among state residents and financial, legal, and political professionals,” the study, conducted by Regent states.

Democrats in New Jersey have been pushing for even higher taxes on the wealthy in recent years. They have failed three times to raise the millionaire’s tax even higher than McGreevey did under threat of a veto by Governor Chris Christie.

The wealthy aren’t the only ones being asked to pony up. This week Democratic State Sen. Ray Lesniak proposed a 5-cent per gallon gas tax to pay for transportation repairs and improvements and Assembly Speaker Vincent Prieto (D.) has indicated he would be open to considering several new taxes and fees to boost revenue for the state, including a tax on water consumption.

Such tax hikes are driving residents to states with lower tax rates: In 2010 alone, New Jersey lost taxable income of $5.5 billion because residents changed their state of domicile.

“Prior to the millionaire’s tax, more wealth was coming into the state than was leaving. Over a four-year period the aggregate net worth increased by $98 billion,” the study states. “However, the 2004-2008 post-millionaire’s-tax period shows more wealth leaving the state than coming in. The net outflow during this period reversed 70 percent of the wealth gained in the prior four years.”

This study contradicts previous studies that claimed higher taxes on the wealthy have negligible impact and do not drive the wealthy to move.

High wage earners, who constitute only 1 percent of the population in the state, pay 42 percent of the personal income taxes collected. The state collects $10 billion in personal income taxes and high-income residents pay $4.2 billion of that total. Personal income taxes account for 39 percent of the state’s total income.

“The sad reality is our residents are suffering because politicians talk a good game, but no one is willing to step up to the plate,” Americans for Prosperity New Jersey state director Daryn Iwicki said. The “oppressive tax climate is driving people out.”

Iwicki said instead of fixing the “tax and spend problem” in the state, higher taxes have been proposed.

“We have members calling for taxes ranging from a bag tax, water usage tax, water bottle tax, increasing the gas tax, and an increase in the income tax,” he said. “In fact, every time talks of a tax cut have been brought up, Democrats laugh at the idea. They must be the only folks who think this is a joke because while they are laughing people are leaving.”

The New Jersey Senate Democratic Caucus did not respond to a request for comment.

One certified public accountant quoted in the study said he lost 95 percent of his high net worth clients. Other tax attorneys report similar results.

“New Jersey income and estate taxes have become such a prominent issue that residency has become a prime topic in every other meeting that I have,” said Sam Weiner, a tax attorney with Cole Schotz who was quoted in the study.

Michael Grohman, a tax attorney with Duane Morris, LLP, claimed his wealthy clients are “leaving [New Jersey] as fast as they can.”

“It’s a shame, New Jersey used to be an economic powerhouse,” Iwicki said. “Politicians have done nothing but tax and spend the folks.” He himself left the high taxation of New Jersey for the south, but has since moved back.

If the current trend is not reversed, the consequences could be dire.

“Essentially, we’ll find ourselves much like the city of Detroit, broke and without jobs,” Iwicki said.
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Article is misleading. NJ still has 2 of the most riches counties in the country, not to mention millionaires in Manhattan that own property in NJ. The problem with this state is the high cost of living
 
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beezy said:
I grew up in a city in south jersey and its garbage. I spent 18 years plotting on how i was gonna get out that black hole and i am thankful every day that i made it. Everytime i go back to visit family it reminds me how depressing it is. There is NOTHING there for me. The only CAREERS there are centered around just existing; no progress, no innovation, no creativity; just maintaining. The people there are so deluded and think thats the world and know no better. People i grew up with are just stuck doing the same shyt for years, fukking eachother, not doing anything to better themselves, and basically centering their lives around drama and gossip and maintaining a false online image that their having the time of theyre lives just getting wasted. fukk that place. I know theres many other places everywhere like that (some of yall probably still live in places like that and dont even realize it) but this was my experience. And just up and leaving is the only way to truly realize how bad it is.
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:umad:

I bet you miss it :mjlol:
 
HollowPoints2

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New Jersey black folks are a disgrace they.they allowed the Hispanic population to surpass them.

Now it's more Hispanics in New Jersey than Black people.

I'm sure is this results from the large number of abortions black ppl were having in New Jersey over the past 30 years.
TZiggy said:
The Indians and Filipinos are also starting to take over too. Especially in JC.
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Do you mean in population?If so then New Jersey black ppl are worse than i originally thought.


See what abortion has done to New Jersey's black population? All of those abortions thirty years ago have come back to haunt black ppl in that state.
 
RickyGQ

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Gunshi said:
i dont get it, we got some ppl claimin jersey is the worst place to live based on a 2 week vacation in the middle of nowhere(wtf) have you actually explore all of jersey?...... i think this could be said for just about any state you stayed in, there are towns that are poppin and others that are not, its that simple, well for the northern part where i live atleast.

Overall where i live is like a melting pot, a nice mixture of all kinda thick bytches and thats what i love about it. I dont think i could live in a state or town where all the hoes are black unless they on they light skin shyt cuz god knows i dont like these blk bytches... love me something lite to white.....

but yeah, dont shyt on jersey based on your experience of just one town, cmon now, thats stupid.
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i wanna dap you but you be shytting on my dark skin sistahs too heavy bruh... you really are a jersey nikka...
 
AB Ziggy

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*F*U*N*E*R*A*L* said:
Newark, camden, orange, east rutherford...why are there so many rough ass hoods in NJ?
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The funding goes completely to the wealthy white hoods. Christie gives no fukk about the minority areas. And the areas with minorities that do have some money are either struggling, make their money from their jobs out of state, or built themselves out of scratch.
 
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HollowPoints2 said:
New Jersey black folks are a disgrace.They allowed the Hispanic population to surpass them.

Now it's more Hispanics in New Jersey than Black people.

I'm sure is this results from the large number of abortions black ppl were having in New Jersey over the past 30 years.
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if i'm not mistaken that is because many blacks are moving down south (Georgia, Florida, Virginia, Carolinas etc) and Hispanics (especially Messicans) are moving in. Also, PRs are leaving the state as well. Although i saw a link saying the black population went up in raw numbers (although dropped in percentage)


NJ>>>>

ya'll hating
 
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