Tuesday, February 22, 2011

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!!

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