Technically, McGreevey’s tax hike now makes the top rate even higher than it was in the days of Governor Jim Florio. (7%) I wonder how the GOP is going to twist that in the 2005 election . . .
What particularly hurts, is when you have to pay that rate on capital gains. Here the Bush Administration lowered the rate for millionaires to 15%, and now New Jersey is looking for their 9 . . .