I knew that when I was a kid. It was just a state we drove thru on the way to the shore. But a new poll of business CFO's found that New Jersey really sucks because its taxes are so high. See the blurb for yourself:
New Jersey Ranked Among Worst on Taxes by CFOs
"New Jersey placed second, behind California, in a survey on states with the worst tax climate. The survey, called the CFO State Tax Survey and produced by Boston-based CFO Publishing, asked corporate tax officials for impressions of their states' handling of tax-related issues, including audit fairness and the appeals processes. Of the 5,500 tax directors nationwide who received the survey, nearly 300 responded. This is the fifth state tax survey put out by CFO since 1996. According to CFO, “Tax directors rated New Jersey as having the most negative influence of any state on businesses' expansion plans as the state has raised sales taxes and continues to struggle with a fiscal crisis.” New Jersey had been cited as having the worst overall tax environment in 2004, the last year the survey was published. - Yvonne Darling "
Blogger's comment- I find it interesting that two of the most liberal states (Jersey & California) ranked 1 & 2 in the survey.