New Jersey’s High Taxes and Anti Business climate have curtailed philanthropic giving

nj senate president steven sweeney

Americans for Prosperity: Benevolence, The Latest Victim of NJ’s High Taxes

New Jersey Ranks 46th in the Nation for Charitable Giving

Ridgewood NJ,  New Jersey’s confiscatory tax climate is responsible for the highest property taxes and worst business climate in the country, but it is also having another deleterious effect. Today, New Jersey ranks among the least philanthropic states in the country according to a new report from the American Legislative Exchange Council (ALEC).

“The season of giving is upon us, yet how sad is it that New Jersey has reached the point where people can no longer afford to be as generous as they would like to be because of high taxes,” remarked AFP state director Erica Jedynak. “We might as well refer to our income tax as the anti-benevolence tax.”

The ALEC report, State Factor: The Effect of State Taxes on Charitable Giving, examined data from 1997-2012 and revealed an inverse correlation between taxes and charitable giving. As stated in the report’s conclusion, “[I]ndividuals in states with high taxes donate less and individuals in states with lower taxes donate more.” New Jersey placed 43rd on ALEC’s list for the period 1997-2012 and 46th for the period of 2008-2012.

“As Ronald Reagan said, ‘the spirit of voluntary giving [is] ingrained in the American character.’ So it is with New Jerseyans of good will who would no doubt love to give more to causes they care about and to help those who are impoverished or sick,” said Jedynak.

“Yet, instead of being able to donate more to causes that dispense charity with a warm heart and lift people up, their hard-earned money is filtering through the cold hands of bureaucracy and ensnaring people in dependency.”

“There is little compassion in that, and it’s just one more reason we need ease the tax burden on New Jersey families.”

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