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Gov. Murphy wants to tax N.J. millionaires. What would that mean?

March 13, 2018

By Staff

In his first budget address Tuesday, New Jersey Gov. Phil Murphy proposed a tax on millionaires — one of many proposals aimed at funding investments in pensions, schools, and transit.

“Yes, a millionaire’s tax is the right thing to do – and now is the time to do it,” the Democratic governor told legislators in Trenton.How much money would the tax raise?

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