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New Jersey To Increase Tax On Millionaires In Order To Help Families Struggling Due To Coronavirus Pandemic

Video Credit: CBS 2 New York - Duration: 02:03s - Published
New Jersey To Increase Tax On Millionaires In Order To Help Families Struggling Due To Coronavirus Pandemic

New Jersey To Increase Tax On Millionaires In Order To Help Families Struggling Due To Coronavirus Pandemic

People who make more than $1 million a year will see a tax increase of just under 2%.

In exchange, that money will help struggling families.

CBS2's Natalie Duddridge reports.


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