We calculate the incidence of recent changes to the New Jersey state tax system on a sample of homeowners. Our analysis distinguishes between business-as-usual responses to an evolving fiscal situation and tax changes that constitute a surprise. The latter have incidence effects; the former do...

Calculates 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...