October 11, 2006
The New Jersey Herald featured the Tax Foundation's 2007 Business Tax Climate Index in an article about the local economy:
"The Tax Foundation, a nonprofit group based in Washington D.C., studied the tax systems in each state as part of their annual survey. New Jersey ranked high in every tax category -- from corporate to sales. Its individual and property taxes were some of the nation's worst.
New Jersey has ranked in the bottom four states since the Tax Foundation began the survey four years ago. Chris Atkins , an attorney for the group, said the state's prognosis is getting worse.
'They seem to be going in the wrong direction,' said Atkins, pointing to this year's 1 percent sales tax increase."