Not really.
You have to take away 2.1 million kids under 18 and 1.1 senior citizens.
You are left with 5.8 million people.
32x10(9) / 5.8x 10(6) = almost $ 5,500 for every Adult or taxpayer 18-64. Or $ 11,000 per couple.
Now take away the people you see hanging around the major cities who are not working and the unemployed. There goes another million.
How much did you pay in State Income Taxes and fees to the State of NJ last year?
And let’s throw in the huge pension liabilities for town,county and state workers in the State pension system, which is in major trouble.
It is a financial train wreck.
I’m just surprised California reached bankruptcy first.
Even the Goldman Sachs boy genius Corzine can’t keep this boat afloat.
How much did you pay in State Income Taxes and fees to the State of NJ last year?
None, I live in Texas where there are not any State income taxes!!!