[Sooth2222]

My first guess is that they will hemorrhage more money from taxpayers staying away from the state for 183 days of the year (and becoming non-New Jersey residents) than they collect from all the tax increases.

My second guess is the state goes into bankruptcy within the next 4 years.

[sevlex]

Jersey is a small state. People can readily cross the state line for big ticket items.

[Freee-dame]

My first guess is that they will hemorrhage more money from taxpayers staying away from the state for 183 days of the year

This is exactly what happened when Maryland imposed a millionaires tax a few years ago. It may have been for "fairness" but it cost the state money.