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.
Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
Deere up on Q4 earnings performance
Reid Hoffman: LinkedIn will go public (at some point)
