N.J. Income Tax Rates to Decrease?
From Reuters: N.J. Governor Chris Christie would like to see all state income tax brackets cut by 10%.
Christie, saying that New Jersey competes with neighboring New York and Connecticut for jobs, noted that both states have raised income taxes on the wealthy. New York’s top rate is 8.82 percent and Connecticut’s highest rate is 6.7 percent, both below New Jersey’s current 8.97 percent rate.
