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New jersey state things ~ Video
Will Gov New jersey state things Will Gov. Murphy’s ‘millionaire tax’ plan drive wealthy New Jersey residents out of the state? A millionaires’ tax is a Catch-22 for New Jersey’s bondholders. Taxing the rich at higher rates — as Gov. Phil Murphy proposed Tuesday as part of his budget — would likely boost demand for municipal bonds because the interest is exempt from federal and state taxes. But at the same time, some investors say the Garden State’s precarious finances could be worsened if wealthy people start moving out of a state where high property taxes are already a major …
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