Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10 5/3/83; site houxz.UUCP
Path: utzoo!linus!philabs!cmcl2!floyd!vax135!ariel!houti!hogpc!houxm!houxz!halle1
From: halle1@houxz.UUCP
Newsgroups: net.taxes
Subject: Re: lost nj rebate
Message-ID: <481@houxz.UUCP>
Date: Thu, 1-Sep-83 14:26:50 EDT
Article-I.D.: houxz.481
Posted: Thu Sep  1 14:26:50 1983
Date-Received: Fri, 2-Sep-83 12:51:53 EDT
References: <390@5941ux.UUCP>
Organization: Bell Labs, Holmdel NJ
Lines: 31
Re: NJers paying large amounts of taxes

I moved to NJ from Virginia about a year ago.  I am now paying LOWER
net taxes.  I think that you'll find that NJ is not so bad overall
compared to the rest of the country, at least in states with similar
demigography (I think that's the word).  Examples:
Income tax:  NJ 2-2.5%		VA:Graduated, top rate 5.75%, but with
	deductions and separate filing for marrieds possible.  On $60K
	combined with 15K deductions (EG), NJ~1400, VA~2200.
Sales tax:  NJ 6% with various exclusions 	VA: 4% on (virtually)
	everything, including food and clothing.  I don't remember the
	IRS table, but I estimate ~200 advantage to NJ.
Excise tax:  NJ slightly more on "sin tax" items, but MUCH less on
	gasoline.  Northern VA even has a 4% sales tax on gas.
Property Tax:  NJ ~2.5% on real value		VA ~1.5%
	Here's where VA wins.  On equivalent housing, say $100K, NJ
	pays $1K more.  However, equivalent housing costs more in
	equivalent parts of VA.  Eg, 100K in NJ (except very close
	to NYC, and even there it should be compared to VA very close
	to DC where costs are more) won't touch anything in VA except
	out in the far boonies.  You can't find anything over .25 acres
	in VA under 200K.  So the difference is even smaller, perhaps
	500 or less; possibly even less in NJ than VA.
Other:  VA has a personal property tax.  This applies to things like
	autos, boats, workmans tools, etc.  This is typically 4-5%
	of the book value of the cars.  This adds on several hundred
	more dollars for the typical family.
	Also, utility taxes run 20-25% in VA vs 13.5% in NJ.

In all I'm about $1000 better off in NJ vs VA.  And VA is considered
	low in taxes.  Services were not any better there.  So
	quitchergripin.  We in NJ pay a lot, but we are pretty well
	off relative to everyone else.