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The truth is that lower- and middle-income New Jerseyans pay a larger portion of their income in property taxes than do upper-income residents. According to a report by the Institute for Taxation and Economic Policy, the poorest 20 percent of New Jerseyans paid out 5.6 percent of their annual income in property taxes, while the richest 20 percent paid out about 4 percent. Indeed, the New Jersey tax system as a whole -- including property taxes, state income taxes, and sales and excise taxes -- is similarly regressive, with the poorest 20 percent of residents paying 12.5 percent of income while the richest 20 percent pay about 9.6 percent. Undeterred, O'Reilly continued to criticize the proposal and used the discussion as an opportunity to praise President George W. Bush:
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