In a message dated 11/20/2007 12:12:52 P.M. Eastern Standard Time, [EMAIL PROTECTED] writes:
I wonder how many would leave if they could sell their houses? The article uses census data and tax figures from before the current slump in home sales. "A more accurate picture can be seen by examining state income tax data from the New Jersey Division of Taxation. In 2005 (the most recent year for which state data are available),...." _The New Jersey Exodus That Wasn’t - New York Times_ (http://www.nytimes.com/2007/11/18/opinion/nyregionopinions/18NJforsberg.html?_r=1&oref=slogin) The sky is not falling in NJ: New Jersey’s population is growing at a slower rate than in the past. A good thing for the nation’s most densely populated state. The median income of people who come is higher than that of those who leave. This suggests that many who leave are retirees, while many who come are in their peak earning years. State income tax in 2005 was assessed on gross income of $258.1 billion, up 15 percent from 2001. New Jersey benefits from having the fifth-largest immigrant influx of any state. ==================================== And we get fewer federal monies back than we contribute. Those moving to red states will be benefiting from our welfare. Red states get more fed money than they contribute. ************************************** See what's new at http://www.aol.com
