TRENTON, N.J. – Assembly Republican Leader Jon Bramnick says recent IRS data shows New Jersey’s outmigration problem is getting worse. Recently released data by the IRS shows the state lost a net $3.2 billion of adjusted gross income in 2017 and 2018.
“It looks like New Jersey is losing people, and billions of tax dollars,” said Bramnick (R-Union). “Nearly half of the people moving are going to our neighbor states. We need to lower taxes to become more competitive and stop outmigration.”
New Jersey has lost $28 billion in net adjusted gross income since 2004-2005, according to the New Jersey Business and Industry Association.