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To: ICX
McGreevey’s plan boosts the state income-tax rate on incomes of $500,000 or more to 8.97 percent — a 41 percent increase — and is projected to raise $800 million from 28,000 upper-income taxpayers.

Anyone want to bet on just how much additional revenue will actually be generated by this tax hike?

The biggest impact of this tax is likely to be felt in the real estate market, as large numbers of high-end earners move out of the state's wealthiest suburbs.

6 posted on 07/13/2004 9:54:16 AM PDT by Alberta's Child ("Ego numquam pronunciare mendacium . . . sed ego sum homo indomitus")
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To: Alberta's Child
Or the cosmetic surgery market as doctors and patients move over the border.

But I hate to say it but after living under both, As bad as Mcgreevy is, He is not even close to being as bad as the worst governor in the country right now is: George Pataki

8 posted on 07/13/2004 10:02:54 AM PDT by qam1 (Tommy Thompson is a Fat-tubby, Fascist)
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