Wednesday, February 24, 2016

Who's Afraid of New Jersey?

Do you think about moving out of New Jersey? If you do, you're not alone. According to a new Gallup poll, nearly half New Jersey residents said they would like to leave the state if they had the opportunity. At 46 percent, New Jersey is tied with Connecticut for the highest in the nation.

Gallup didn't ask why all these people wanted to move, but they found a telling correlation: Residents living in states with the highest aggregated state tax burden are the most likely to report they would like to leave their state if they had the opportunity. Approximately a quarter of residents who live in states with the lowest tax burden say they would like to leave their state, but this rate jumps to 36 percent among residents of the quintile of highest-taxed states.

Which state has the smallest percentage of residents reporting they would like to leave the state? That would be Montana, at just 13 percent.

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