OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Millionaire Tax

Issue Position

Date: Jan. 1, 2017
Issues: Taxes

Estimated revenue 600-700 million per year -- Increasing the state income tax on income over $750,000 by 2% will bring in 600 -- 700 million dollars in additional tax revenue. Two pennies per dollar on income over $750,000 is not a lot to ask from New Jersey's wealthiest residents.


Source
arrow_upward