New Jersey may yet be no. 1 in taxes


When I read that New Jersey wasn't the least tax-friendly state, my civic pride was hurt.

This is worse than when Newark, Camden and Trenton were edged out by St. Louis for the title of most dangerous city. Having high taxes is a matter of pride to New Jersey residents like myself.

But the people at the Tax Foundation point out that New Jersey may yet take the title from the Peoples Republic of Vermont, which has won it for two years in a row. The state currently ranks number 10 and has advanced 14 places since 2000.

Last year, New Jersey's sales tax was raised from 6 to 7 percent. Other taxes, including one on cigarettes were also raised and a corporate income tax surcharge was implemented.

New Jersey is tops in property taxes no matter how you slice the data, according to the Tax Foundation's William Ahern.

Good, I needed something to brag about to my relatives in New York and Pennsylvania besides having the safest community.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 05:20 PM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1329085257368 ms.