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Spreading the Wealth Around: Taxmageddon Impact Breakdown Across New Jersey

There’s no better resource on the web for public policy research than The Heritage Foundation, Save Jerseyans.

Lately, they’ve put a ton of time into analyzing the impact of “Taxmageddon,” the name popularly assigned to January 1, 2013 when many of the ObamaCare-related tax hikes go into full force and effect… conveniently after the presidential election!

The nationwide stats are staggering. For example, the average increase on America’s 33.1 Million baby boomer filers will be $4,223 per return. Families are looking at a $4,138 hike, or almost 6% of their average annual income.

Few states will be harder hit than New Jersey since our per tax return average income is relatively high: $79,151. That’s an average increase of $4,216 for every return filed…

Heritage’s scholars did the math, and they estimate a $19.308 Billion tax increase for the Garden State. Heritage even broke down the total tax increase by Congressional district (based on the current, pre-redistricting map) utilizing 2006 and 2008 IRS data by zip code.

The hardest hit New Jersey districts?

  1. NJ-5 (Garrett): $2,202,462,797 ($6,253 avg. increase per return)
  2. NJ-7 (Lance):  $2,158,522,854 ($6,090 avg. increase per return)
  3. NJ-11 (Frelinghuysen) $2,531,951,099 ($6,960 avg. increase per return)
  4. NJ-12 (Holt) $2,039,900,666 ($5,639 avg. increase per return)

I’ve bolded Rush Holt’s name and ObamaCare district stats because he’s the only one of those four congressmen who actually voted for the Affordable Care Act!

The least-hard hit districts in New Jersey? A pattern is emerging:

  1. NJ-13 (Sires) $874,564,619 ($2,575 avg. increase per return)
  2. NJ-10 (Vacant) $727,325,730 ($2,357 avg increase per return)
Both NJ-13 and NJ-10 are Northeastern New Jersey “deep blue” urban districts represented by Democrats.
Do you see it?
This is EXACTLY what the President meant when he said “spread the wealth around” back in 2008, Save Jerseyans. What most people didn’t realize is that he’d “spread” it from the folks who didn’t vote for him to the people who did! We warned them…

14 comments on “Spreading the Wealth Around: Taxmageddon Impact Breakdown Across New Jersey

  1. [...] to our cause, Save Jerseyans. As you know, I joined them on Independence Day for theirRead More Spreading the Wealth Around: Taxmageddon Impact Breakdown Across New JerseyThere’s no better resource on the web for public policy research than The Heritage Foundation, [...]

  2. [...] while we’re on the topic of health insurance, don’t forget the soon-to-be-realized impact of ObamaCare taxes on January 1, 2013 and the special treats in store for those households grossing $250k: a 3.8% Medicare surtax on [...]

  3. [...] to our cause, Save Jerseyans. As you know, I joined them on Independence Day for theirRead More Spreading the Wealth Around: Taxmageddon Impact Breakdown Across New JerseyThere’s no better resource on the web for public policy research than The Heritage Foundation, [...]

  4. [...] issues. He reacted to John Roberts’s opinion by focusing on the tax consequences (and they certainly are substantial!). The Governor had previously refused to join the state’s ObamaCare lawsuit, but he did veto [...]

  5. [...] largest “accomplishment” and yet it doesn’t warrant a mention? Perhaps because American families are looking at a $4,138 ObamaCare tax hike, representing almost 6% of their averag…. And that’s just the initial price tag. Not something he’d really want to remind voters [...]

  6. [...] the only states hit as hard as New Jersey by the President’s tax hikes; Garden State families can expect an average $4,216 increase in 2013 per tax return filed.   So who is really working for the Middle Class, Mr. President? And who has made their lives a [...]

  7. The Silent Shard…

    This can likely be fairly practical for some of your jobs I intend to do not only with my blog but…

  8. [...] amazing tax hikes are even on the table when the average New Jersey family will pay the IRS $4,126 more in 2013 owing to ObamaCare alone. It’s even more amazing that the mainstream media won’t ask [...]

  9. [...] and senate to begin reversing the avalanche of regulations (6,125 in the last 90 days), taxes (Taxmageddon cometh!) and other anti-business measures of the last four years. They didn’t get either, and [...]

  10. [...] The beginning of taxes related to the Affordable Care Act aka “Obamacare” [...]

  11. [...] been warning you for months that the coming “fiscal cliff” and accompanying “taxmageddon” would devastate New Jersey taxpayers beginning in [...]

  12. [...] of his most famous work, Democracy in America, then-Senator Obama declared his intention to spread the wealth around on the campaign trail. That’s not from a kook fringe site; those words passed own lips, [...]

  13. get it says:

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    [...]the time to read or visit the content or sites we have linked to below the[...]……

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