Tag Archives: Jersey

Which states actually have the highest taxes?

This is a simple blog post from Michael Tomasky with the newspaper Gaurdian UK that shows which states in America pay the highest taxes.   There are a lot more things to consider other than taxes.

For Example,  here in California we taxes that are called “fees” and “assessments” that add an additional three to four percent of our income to that tax.

We all know that these are simply more taxes,  but the idiots up in Sacramento know that people are stupid,  and they have a much easier time swallowing fees and assessments over taxes.   JD

In the spirit of my post from a while back about the importance of information versus news, and after reading the comment thread on the last post where a couple of you are griping about California taxes, I offer this post.

Our topic: Actual tax rates of states. See this chart from the Tax Foundation. Interesting findings:

*California ranks sixth, with people paying an average of 10.5% on an average per capita income of $47,706 (in 2008).

*New Jersey is numero uno, 11.8% on $56,116.

*New York is second, 11.7% on $55,032.

*My adopted state of Maryland (by the way, Brits: MARE-uh-lund, not MERRY-land, ok?) checks in at a proud number four, 10.8% on $52,709.

*Massachusetts has a bad and unearned rep: it ranks 23rd, with 9.5% on $56,661.

Now, sure enough, tax rates tend to be lower in the south, but you have to look at incomes too. So in Mississippi, people pay just 8.9%, but on an average per capita income of only $31,836. Likewise Alabama; just 8.6% but on income of $36,372.

The national average, by the way: 9.7% on $44,254.

So, unsurprisingly, it’s a trade-off, just like everything else in life. You wanna pay lower taxes, then go move to a state where you’re also likely to earn much lower wages — and a state that offers fewer opportunities, less innovation, has fewer Starbuckses, et cetera.

Heaven for people like, say, Dick Cheney, who want to be left alone but still make a lot more money than average? Well, duh: Wyoming, where it’s 7% on $53,163. But Wyoming (especially non-Jackson Hole Wyoming) is of interest to a tiny proportion of the US population. There are reasons more of us like the coasts. I’ll stick with MARE-uh-lund.

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Obama kills any chance of NJ governor’s bid for re-election

grapedvd2President Barack Obama is telling voters in New Jersey that challenging economic times are worrying parents who want to send their kids to college and plan for their own retirement.

Obama is campaigning on behalf of New Jersey’s Democratic governor, Jon Corzine, who is in a tough bid for re-election. Corzine is tied in polls with his Republican opponent, Chris Christie.

At a rally in Camden on Sunday, Obama blamed the economic downturn on trickle-down policies and lax regulation favored by Christie’s Republican Party. The president praised Corzine for moving the state forward on education and economic issues.

Corzine draws criticism for his handling of state finances. The top issue for voters is the state’s high property tax.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

WASHINGTON (AP) — President Barack Obama is making a last-minute campaign appearance for New Jersey Gov. Jon Corzine’s re-election bid.

Obama’s scheduled to appear Sunday at a pair of rallies for the only incumbent governor seeking re-election. Just one of two governors’ offices on the ballot for Tuesday’s elections, the White House is aware Democratic losses would be spun as a referendum on Obama.

The results could also foreshadow next year’s elections, when 37 governorships come up for grabs.

The president plans to appear with Corzine at two New Jersey campaign stops, in Camden and Newark, before returning to the White House.

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Filed under Nadcicles, Political humor, Stupid Human Tricks