Maria Scors New Jersey, consistently one of the most affluent states in the country, has slipped a bit in a new ranking of the rich. The Garden State fell from second to third in millionaire households per capita, according to a ranking released today by Phoenix Marketing International. New Jersey lost roughly 10,000 millionaire households, but those affluent families who remain still account for 7 percent of the whole state, the researchers said. The state had climbed to second last year for the first time since 2010, but was edged out by Connecticut in the 2014 ranking. A high tax rate for top earners may have led to some migration out of the state, according to David Thompson, the lead researcher. By losing those 10,000 millionaire households, the Garden State returns to third, where it was ranked from 2010 through 2012. Since the last report, Connecticut lost only 1,000 millionaire households, as it vaulted to the second spot, the group said. Some groups doubt the millionaire-migration theory. Jon Whiten, a deputy director of New Jersey Policy Perspective, said long-term statistics show that tax rates do not cause the rich to flee. Maria Scors Connect with me MariaScors.KWRealty
Posted on: Thu, 22 Jan 2015 02:10:21 +0000
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