Abstract
We calculate the incidence of the recent changes to the New Jersey state tax system on a sample of homeowners and conclude that the policies redistribute wealth on average from higher-income homeowners toward lower-income homeowners and from owners of suburban residential property toward owners of urban and rural residential property. Even when there exist clear and significant general tendencies in the effects of a policy on identifiable groups, there remains considerable variation among individuals within such groups. We distinguish between changes designed to finance a given policy path and genuine shifts in policy. The latter have incidence and allocation effects, the former do not.
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