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The Tax Foundation Rates New Jersey Worst State Business Tax Climate Again!

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the staff of the Ridgewood

Ridgewood NJ, The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems and provides a road map for improvement.

No surprise here, for the 7th consecutive year New Jersey has ranked dead last in the Tax Foundation ‘s annual State Business Tax Climate rankings. High business taxes (49th place), individual taxes (50th place) and high property taxes (46th place) continue to chase business out of New Jersey.  https://statetaxindex.org/state/new-jersey/

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