I read somewhere that a lot of those states are heavily dependent upon the stock market because a huge portion of their tax revenue comes from fund managers and that is very fluid based on the market.
With the market doing amazing one would think NY/NJ/CT fund managers must be doing well, allowing those states to collect massive revenue. Though I've read other articles saying those states aren't doing well.
Yep with the market doing amazing one would think NY/NJ/CT fund managers must be doing well, allowing those states to collect massive revenue. Though I've read other articles saying those states aren't doing well.