Re:Truck driver leads NJ Senate president after spending $15...
by skinnymuch on Wednesday November 03, 2021 @11:26PM
(#29103397)
If NJ is in such deep waters. Which it seems like it is. What is up with the stats and data of which states give more to the fed than what they get back and Vice versa. Why is NJ always giving more? If they have so much debt?
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Re:Truck driver leads NJ Senate president after spending $15...
by rsj_hn on Wednesday November 03, 2021 @11:36PM
(#29103455)
> Why is NJ always giving more? If they have so much debt?
Because we have progressive taxation and a lot of rich people live in New Jersey, so they pay more in taxes. A state doesn't need to be in financial trouble because it is poor, it is in financial trouble if it makes more promises than it can afford to pay given its tax base. The constant raiding of employee pension funds and various financial ponzi schemes is why NJ is in trouble.
Median household income in 2019
NJ[1] = 85K
US[2] = 69K
[1] https://www.census.gov/quickfacts/fact/table/NJ/SBO001212[2] https://www.census.gov/library/publications/2020/demo/p60-27...
Re:Truck driver leads NJ Senate president after spending $15...
by skinnymuch on Sunday November 07, 2021 @11:14AM
(#29140654)
I don’t understand why NJ gives more than it gets back though. Is it only based around the state’s average income?