Law Makers Hope to Bury ‘Death Tax’ in New Jersey
This is just another one of those things that unfairly impact Bergen County because of property values
TRENTON, N.J. — No state in the nation levies taxes when people die as aggressively as New Jersey.
Most states charge nothing. New Jersey is one of only two states with both an estate tax on the assets of the person who died and an inheritance tax charged to some people who are bequeathed money or assets. Moreover, of the states with an estate tax, New Jersey exempts the fewest from having to pay.
That could change. (Symons/Asbury Park Press)
It would be nice, what are the odds?
I hope that they do away with it. I have paid taxes on everything that I bought, why should My estate pay more?
I want to give to my children not NJ. The state is just trying to redistribute my savings.