Tax Freedom Day In New Jersey Arrives On May 4
‘Cause I’m the taxman, yeah, I’m the taxman And you’re working for no one but me.
The above excerpt from The Beatles’ hit song Taxman is ringing more true than ever for New Jersey taxpayers!
According to the latest Tax Foundation report, New Jerseyans are now working until May 4 just to pay the taxman at all levels of government: local, state and federal!
That’s 124 days, more than one-third of the year, before people can start putting money in their own pockets to pay for their mortgage, their grocery bills or to save for their retirement or childrens’ education.
Tax Freedom Day in New Jersey also comes 3 days later than 2012 when it was May 1st. And New Jersey is the 3rd worst state overall, with Tax Freedom Day coming later only in neighboring New York and Connecticut.
The Tax Foundation report is yet another reminder of how onerous and out-of-control big government has become–and just how how much taxpayers are suffering under its enormous weight.
Learn more about New Jersey’s tax climate, including more information from the Tax Foundation, by visiting AFP’s Liberty Library!