The U.S. Bureau of Economic Analysis estimates that New Jersey's gross state product in the fourth quarter of 2018 was $639.8 billion. New Jersey's estimated taxpayer burden in 2015 was $59,400 per taxpayer. New Jersey is nearly $239 billion in debt. Affluence New Jersey's per capita gross state product in 2008 was $54,699, second in the U.S. and above the national per capita gross domestic product of $46,588. Its per capita income was the third highest in the nation with $51,358. In 2020, New Jersey had the highest number of millionaires per capita in the United States, approximately 9.76% of households. The state is ranked second in the nation by the number of places with per capita incomes above national average with 76.4%. Nine of New Jersey's counties are among the 100 wealthiest U.S. counties. Fiscal policy New Jersey has seven tax brackets that determine state income tax rates, which range from 1.4% (for income below $20,000) to 8.97% (for income above $500,000)....
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