From Forbes:
New Jersey Gov. Jon Corzine Monday signed a 2010 budget making his state the latest to squeeze the rich for extra cash.
The budget imposes a new 10.75% state income tax rate on income over $1 million and a 10.25% rate on income over $500,000, up from an old top rate of 8.97%. Both rates are retroactive to Jan. 1, effective for 2009 only, and kick in at the same taxable income level for both singles and couples.
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