NJ Residents Will Pay Most in Taxes Over a Lifetime

The video discusses the tax burdens in high-tax states like New Jersey, Massachusetts, and Connecticut, highlighting New Jersey's value proposition as a great place to live due to its education, healthcare, and quality of life. Governor Phil Murphy emphasizes the benefits of living in New Jersey despite high taxes. Laura Davidson from Bloomberg explains the competition among states over taxes and the impact of the SALT deduction limit, which affects high-income residents. The video also explores the potential changes to the SALT deduction policy and its implications for Biden's infrastructure plan.

What did New Jersey Governor Phil Murphy say about the value of living in New Jersey?

What are some reasons residents are moving from high tax states like New Jersey?

How do high-income individuals contribute to social services in high tax states?

What is the significance of the SALT deduction in the context of the discussion?

What challenges does President Biden face regarding the SALT deduction?