The New Jersey Business & Industry Association has the numbers and they’re not good, at least not for the Garden State.
The NJBIA assessed seven states in the region — Connecticut, Delaware, Maryland, Massachusetts, New York, and Pennsylvania, along with New Jersey. They looked at minimum wage, top income-tax rate, top corporate-tax rate, sales-tax rate, property taxes as percentage of home value, and top unemployment tax rate.
How did New Jersey do?
It ranked last in top income tax rate (8.97 percent), sales tax rate (6.625 percent), and property tax as a percentage of home value (2.16 percent). It was sixth out of seven in top corporate-tax rate (9 percent) and had the third lowest minimum-wage rate in the region at $8.60 per hour. More positively, it had the lowest top unemployment-tax rate in the region of 5.8 percent.
Delaware had the best regional score, followed closely by Maryland, Pennsylvania, New York, Connecticut, and Massachusetts.