New Jersey - Worst Place To Die and Best Place For Wealthy Life
The worst place to die is New Jersey with a combined effective estate and inheritance tax rate of 54.1%.
Lawmakers may have strong incentives to raise estate taxes in these states, but millionaires get the last move: it's pretty easy to move from one state to another within the U.S. So what makes the high tax states so appealing to millionaires? Are millionaires created there in disproportionate numbers?
-More Here
NJ probably has an innate "anchoring effect"; being closer to NYC creates an illusion of being relatively less expensive. Btw., I am alive, not a millionaire and live in NJ. Go figure!!
No comments:
Post a Comment