America’s “Fiscal Cliff” Steepest for New Jersey Federal Taxpayers

I hope you’ll share this post with your Garden State friends who voted for Obama/Menendez & Co.

We’ve been warning you for months that the coming “fiscal cliff” and accompanying “taxmageddon” would devastate New Jersey taxpayers beginning in 2013.

This wasn’t an exaggeration, Save Jerseyans. I genuinely wish it had been.

ObamaCare alone will cost the average New Jersey family an additional $4,216/yr per return filed. That’s a net $19.308 billion tax hike on New Jersey filers in 2013. And oh, it gets better! When you factor in the looming Bush tax cut expiration and other new changes to federal tax law (which we’re presuming will occur barring a bipartisan miracle), the median New Jersey household will see a whopping 6.82% in its tax burden versus 2011 in the new year. The highest increase of any state in the Union! It’s going to be a rough road to hoe for the 70% of state residents who actually have federal tax liability…

And remember: in 2012, New Jersey was only one of two states to go for Obama by a larger margin than 2008; try to wrap your minds around THAT stat given everything discussed above.

60 thoughts on “America’s “Fiscal Cliff” Steepest for New Jersey Federal Taxpayers

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