N.J. Loses Income to Other States, RegentAtlantic Says
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New Jersey lost almost 88,000 taxpayers with income of $5.5 billion to other states in 2010, according to a report by RegentAtlantic Capital LLC, a Morristown-based investment adviser, citing Internal Revenue Service data.
About 41 percent of the net adjusted gross income that left the state went to Florida and 20 percent to Pennsylvania, according to Eric Furey, a financial adviser, and David Bugen, chairman and managing partner of the firm that has $2.8 billion under management.