DeCROCE: NEW JERSEY FAMILIES HAVE TO WAIT LONGER THAN MOST FOR TAX FREEDOM DAY

ONLY CONNECTICUT RESIDENTS WORK LONGER TO PAY OFF THEIR TAX BILLS 

Marking the impending arrival of “Tax Freedom Day” in New Jersey, Assembly Republican Leader Alex DeCroce today said the fact that only one state has a later tax freedom date than New Jersey indicates just how onerous our state’s tax burden has become for New Jersey families.

“This day puts in perspective, after six years of Democrat tax and spend policies, just how tough things are for the many New Jersey families who are struggling to make ends meet,” said DeCroce, R-Morris and Passaic. “These taxpayers have worked for more than four months, just to pay their tax obligation to the government. It is no wonder these families can barely afford to live in New Jersey.”

Tax Freedom Day, as calculated by the Tax Foundation – a nonpartisan educational organization created to educate taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government – will arrive in New Jersey on May 7th.

Tax Freedom Day symbolizes the day of the year that residents of a state must work just to pay off their combined federal, state and local tax bills. The earliest Tax Freedom Day is March 29 in Alaska. New Jersey is next to last on May 7th and Connecticut is last on May 8th. The national average is April 23rd.

“New Jersey residents pay among the highest property taxes in the nation, and in recent years there have also been increases to our sales and income taxes,” DeCroce said. “Each day of work that goes to pay the government is less money families have to spend on household expenses, their child’s education, a family vacation, or even something as simple as a bat or glove for their child. When a New Jersey family must work until May 7th just to pay the tax man, something is terribly wrong with our state.”

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