tag:blogger.com,1999:blog-3758330678390419129.post7235513014633043006..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: More On New Jersey TaxesRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3758330678390419129.post-56767530888053055352016-04-11T13:52:49.579-04:002016-04-11T13:52:49.579-04:00Wow! The living environment has to get really bad ...Wow! The living environment has to get really bad before people take action. The two readers mentioned have lived in high tax states for decades and even Tepper lived in NJ for 30(?) years. Its not like these states just recently became full of high taxes and corruption. To paraphrase that great observer of the human condition (and bank robber), Willie Sutton: Political thieves go where the Brian Ericksonhttps://www.blogger.com/profile/10188778202762603278noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48190068547626973132016-04-11T13:12:43.240-04:002016-04-11T13:12:43.240-04:00"As an aside, NJ is one of the few "Gros..."As an aside, NJ is one of the few "Gross Income Tax States," which basically means if you make money in one tax year, they collect their tax. But if you lose money the following tax year, they don't want to hear about it.<br />That is a huge disadvantage for a trader, who may literally make a lot of money in December; pay taxes; but lose that money in January. In the real Pandemichttps://www.blogger.com/profile/02315340208949970292noreply@blogger.com