You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #2: Here's the truth about NJ taxes: [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
AP Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-23-04 10:46 PM
Response to Reply #1
2. Here's the truth about NJ taxes:
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:
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC